What U.S. midterms mean for markets

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Weekly Commentary

• U.S. midterm elections this week could result in a shift in the balance of power in Washington, but are unlikely to bring any near-term policy shifts.
• Global equities took a breather after last week’s selloff, but Mexican assets suffered after the president-elect scrapped a major airport project.
• The Federal Reserve is expected to keep rates unchanged this week, but pave the way for another rate hike in December.