Fed, peers to go for rate cuts after US polls

Opinion poll shows Harris narrowly ahead of Trump in North Carolina, Nevada, and Wisconsin

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The Federal Reserve and many rich-world peers are widely expected to lower interest rates again in the coming week, right after a US presidential election that may not be decided yet.

Central banks responsible for more than a third of the global economy will set borrowing costs in the wake of the vote, clinging to whatever certainties they can discern on the likely path of American policy for the next four years.

With Vice President Kamala Harris and former President Donald Trump neck-and-neck before Election Day on November 5, monetary officials from Washington to London may find themselves still in suspense.

According to a New York Times/Siena poll published on Sunday, Harris and Trump remain deadlocked in key battleground states days before the US presidential election. The survey shows Harris narrowly ahead of Trump in Nevada, North Carolina, and Wisconsin, while the Republican retained his advantage in Arizona and erased her lead in Pennsylvania.

Millions of ballots have already been cast in person or by mail ahead of Tuesday's election, which is regarded as too close to call.