may be hesitant to raise interest rates ahead of the U.S. election in November, although there is no hard evidence to support the widely held view that politics influences monetary policy.
The Fed has raised rates in election years, as well as leaving them on hold or cutting. As a result, there is no pattern to confirm the strong sense that the central bank prefers to hold fire as Americans go to the polls.
Nonetheless, economists say the case for rate increases would have to be particularly convincing for the Fed to act.
Full Story: Election could delay Fed rate rise until December (Reuters)
The Fed has raised rates in election years, as well as leaving them on hold or cutting. As a result, there is no pattern to confirm the strong sense that the central bank prefers to hold fire as Americans go to the polls.
Nonetheless, economists say the case for rate increases would have to be particularly convincing for the Fed to act.
Full Story: Election could delay Fed rate rise until December (Reuters)
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