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US equity investors take hint to hedge amid shifting election odds

S&P 500 remains in its narrowest range in seven weeks after Friday's 20-point drop following FBI announcement

Traders in the US stock market are pricing in a 16 per cent chance the Federal Reserve will act this week before the Nov 8 presidential election. The odds on a December rate increase are 71 per cent.

New York

AS the US presidential-election race narrows after last Friday's surprise announcement by the Federal Bureau of Investigation (FBI), stock investors are finally showing some jitters.

Hedges against a market decline surged immediately after reports that the FBI is reviewing...

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