Final Fed Meeting and Final Jobs Report Before Election Day

The article talks mainly about how the economy is doing before the meeting that the Fed is going to have before the presidential elections. In general it says that the economy is doing well, but that this is not going to make the Fed to change the interest rates mainly because they are scared of what could happen with the economy after the elections. Since they don't know what the elections could cause, they say that they are going to wait until the meeting that the Fed is having on December to change the interest rates. Most of the people believe the Fed is going to raise the interest rate this year but also most of them believe this is going to be in December and not before because they want to wait for the results of the election. Also they talk about how the economy could affect the decision the people take in the elections, because Trump has criticized that the economy is doing really bad and that they are not creating enough jobs as they should, but economist say this is because the Unemployment level is low (5%), and that even if the economy is not ideal that it is in good shape and that democrats are doing a good job in general. The article also talks about other countries, for example they talk about how well England's economy is doing compared to what economist were predicting after the decision of the Brexit for leaving the European Union. They say the economy is doing well and that it hasn't slowed down as much as they were expecting it to, one of the reasons why they say this is happening is because the central bank cut its benchmark interest rate to 0.25%, which is the lowest level in its 322 year history.

http://www.nytimes.com/2016/10/31/business/final-fed-meeting-and-final-jobs-report-before-election-day.html?_r=0