The USA Will Enter the Most Critical Week of the Year This Week

The USA Will Enter the Most Critical Week of the Year This Week The USA will enter the most critical week of the year this week. Presidential elections in the US will be at the center of the agenda this week. This week, the USA, considered the world's largest economy, will focus on the presidential election, the FED (US Federal Reserve) meeting and the latest outlook of the labor markets. The presidential election, which will take place on Tuesday, with the nomination of US President Donald Trump and Democrat Joe Biden, will be watched as the focus of the week. Biden, leading the election polls, pledged to increase government spending to increase unemployment benefits and invest in projects such as infrastructure and green energy to combat the virus, according to Bloomberg News. This bill will be met by high debt and taxes on the rich and corporations. According to experts' comments regarding the presidential elections, a "blue sweep / block" is envisaged that Democrats will secure the White House and both congresses. It is said that this could be a good signal for financial incentives that have recently fallen into a deadlock due to the dispute between Trump and the Democrats. Another important topic for the USA this week will be the meeting that the FED will hold on Thursday. On Thursday, the FED will make a statement at 2 pm Washington time, followed by President Jerome Powell's press conference. At the next meeting (likely to happen in December) FED Chairman Jerome Powell is said to leave the door open to adjust the Fed's bond purchases.     This article has been prepared with the contributions of Bloomberg HT.