As the US election approaches, financial markets are likely to remain volatile as there is uncertainty about the outcome.
The first presidential debate between Democratic candidate Harris and Republican candidate Trump provided little substantive policy elaboration, and "uncertainty around which candidate's economic agenda will take effect - or even what those agendas are - will weigh on market sentiment."
Market volatility will further increase ahead of the Fed's meeting next week and the US election. "In the short term, markets will react quickly to changes in the US election and the macro outlook."
