On Wall St, US election looms larger than Fed

New York

THE Federal Reserve meets this week and the US government releases an important report on jobs, but investors could be forgiven for having something else on their minds.

The heated US presidential campaign, which for months has grabbed the bulk of US news headlines, enters its final stretch this week before the Nov 8 vote. And the race between Democrat Hillary Clinton and Republican Donald Trump of late has provided market-moving surprises.

In the latest reminder of how an upset in the expected outcome could rattle investors, news came on Friday that the Federal Bureau of Investigation (FBI) is reviewing fresh evid…