America’s fight with inflation has been won – just in time for a bigger battle

The Fed is likely to cut base rates this month - but its decision will come the day after an explosive US election

There could be recriminations, protest marches and even social unrest on US city streets when Federal Reserve officials meet at their Washington HQ a day after the election of a new president on 5 November.

The election of Kamala Harris could bring supporters of Donald Trump on to the streets, while a victory for Trump could provoke widespread anger and condemnation among Democrats.