Election Takeaways & FOMC Preview
Election Takeaways (Short and Longer Term Implications), today focus will be on the FOMC Decision (2:00 p.m. EST, E: No Change to Rates) and the key will be whether the Fed mentions recent stock market volatility. If they do, that will be taken as a slightly dovish shift, and it likely will help extend today’s early rally, as was widely expected, Democrats gained a small majority in the House of Representatives, while the Republicans expanded their majority in the Senate and more.