Fed and peers set to proceed with rate cuts after US polls

The US 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.

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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 Nov. 5, monetary officials from Washington to London may find themselves still in suspense.