Stay updated with breaking news from Steve boms. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
What could interest rate cuts mean for the 2024 election? centralmoinfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centralmoinfo.com Daily Mail and Mail on Sunday newspapers.
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."
What could interest rate cuts mean for the 2024 election? - WEIS | Local & Area News, Sports, & Weather weisradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weisradio.com Daily Mail and Mail on Sunday newspapers.
What could interest rate cuts mean for the 2024 election? wntxradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wntxradio.com Daily Mail and Mail on Sunday newspapers.
What fintechs think of the CFPB's proposed data-sharing rule americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.