TD Securities on Fed path around November midterm elections
TD Securities says traders are pricing a high probability the Federal Reserve will raise interest rates in September, while noting the closeness of the September and October meetings to U.S. midterms in November.
WHAT DOES THE FED DO IN A MIDTERM-ELECTION YEAR: TD SECURITIESWhile traders are pricing in a high probability that the Federal Reserve will raise interest rates in September, there's no doubt that the proximity of this month's and next month's meetings to November's U.S. midterm elections is on the…