AI-related trading, inflationary pressure linked to foreign policy and the Federal Reserve’s response may have a greater impact on US financial markets than the November midterm elections.
Mike Bell, head of market strategy at RBC BlueBay Asset Management, said in a report that the midterms are unlikely to become a major driver of financial markets, PANews reported. The elections could create political uncertainty and controversy, but their market impact may be limited.
Bell cited AI-related trading and the downstream effects of US foreign policy as key factors for US financial markets. He also pointed to inflationary pressure stemming from foreign policy and the Federal Reserve’s response.
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