Due to the impact of the U.S. elections, the Federal Reserve will announce its interest rate decision at 2:00 p.m. ET on November 7.
Most analysts expect the FOMC to cut the federal funds rate at the meeting by 25bp, lowering the target range to 4.50-4.75 percent. Market participants are also pricing in another 25bp cut in December. Although the U.S. elections have limited impact on the extent of rate cut...