WASHINGTON, D.C. — Uncertainty about the upcoming US elections had cooled economic activity across the country, the Federal Reserve (Fed) said on Wednesday, noting that many businesses and consumers were pausing major decisions until after Election Day.
WASHINGTON, D.C. — Uncertainty about the upcoming US elections had cooled economic activity across the country, the Fed eral Reserve said on Wednesday, noting that many businesses and consumers were pausing major decisions until after Election Day.US presidential and legislative elections take place on November 5, with Republican former president Donald Trump running against Democratic Vice President Kamala Harris.
The New York Fed reported similar concerns, while noting that hiring had remained subdued, 'as businesses remained hesitant to make hiring decisions due to uncertainty surrounding the presidential election.'Several contacts reported that they saw the preelection uncertainty as normal, and that they expected business activity and consumer confidence to pick up again after November 5.
Businesses 'Hesitant' Before Elections Fed
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