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What could interest rate cuts mean for the 2024 election?

What could interest rate cuts mean for the 2024 election?
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Business - KSYL-AM

Javier Ghersi/Getty Images(NEW YORK) When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a "soft landing."

Arriving less than a year before the presidential contest, the announcement raised a separate consideration: What the rate cuts could mean for President Joe Biden s reelection bid.

Analysts who spoke to ABC News said research shows that a strong economy benefits an incumbent presidential candidate, since voters factor their financial well being into an assessment of the leader s job performance.

But the implications of interest rate cuts are more complicated, the analysts added.

"A good economy benefits an incumbent," Ray Fair, a professor at Yale University who oversees a model that forecasts elections based on economic conditions, told ABC News. "A bad economy goes the other way."

"How the economy does depends in ....

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What could interest rate cuts mean for the 2024 election? - WEIS | Local & Area News, Sports, & Weather

What could interest rate cuts mean for the 2024 election? - WEIS | Local & Area News, Sports, & Weather
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What could interest rate cuts mean for the 2024 election?

What could interest rate cuts mean for the 2024 election?
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What fintechs think of the CFPB's proposed data-sharing rule

What fintechs think of the CFPB's proposed data-sharing rule
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