BAML Says Fed Rate Hike Not Driven By Political Considerations

There is one political calculus that might drive a Fed rate hike, but overall the U.S. Federal Reserve will not factor in the U.S. election into its decision to hike interest rates, a Bank of America Merrill Lynch report predicted Wednesday. BAML clients wonder about political impact of Fed rate hike A number of clients have been calling BAML’s Rates Strategist Mark Cabana and Global & US Economist Michael Hansen asking the same question: “Will the Fed be deterred from raising rates due to a presidential election?” When the Fed raises rates it will be a pure decision and politics…