Federal Reserve Decision Delayed by One Day Due to U.S. Election

Due to the U.S. election and daylight saving time, the Federal Reserve will announce its interest rate decision at 03:00 Singapore Time on November 8 (Friday). Traditionally, the Federal Reserve holds its monetary policy meetings on Tuesday and Wednesday and announces the decision results at midnight Singapore time on Thursday. However, this coincides with the U.S. election voting, so the Federal Reserve's meeting is postponed by one day.