Russ Mould, investment director at AJ Bell:
“The Fed has seemingly concluded that less than a week before a presidential election is not a sensible time to increase interest rates or indeed provide any concrete guidance on its thinking for December.
“It has admitted that the case for a rate rise has ‘continued to strengthen’ but clearly wants to see the fallout from the election before it provides any firmer guidance or finally makes a decision almost a year on from its last decisive move.”