According to a report by Santander ($SAN (-1,9%) ), the FED possibly until after the presidential election in November wait to interest rate cuts to make rate cuts. Santander analysts argue that although the Fed is "independent", the monetary policy nevertheless by elected officials and is therefore to some extent subject to the electoral calendar is subject to the electoral calendar.

It is predicted that the economy and inflation will remain stronger than expected, which means a delay in monetary easing is supported. It is also pointed out that the Fed meeting meeting in November has been postponed by one day, creating additional distance to the election.