UBS analyst Simon Payne: The Federal Reserve has never raised interest rates in the month leading up to midterm elections

Federal funds futures data shows that investors expect the Federal Reserve to raise interest rates by 25 basis points on October 28th, with a probability of around 69%. UBS analyst Simon Payne pointed out that in the past 35 years, the Federal Reserve has had a zero record of raising interest rates at its October meeting before the midterm elections, and the market's bet on a rate hike in October lacks political logic support.