postmidterm

This Week in Bidenomics: Post-Mid-Term Relief

This Week in Bidenomics: Post-Mid-Term Relief

Leave a Comment / Economy / By admin

President Biden was hoping for a pause on inflation ahead of the Nov. 8 midterm elections. Instead, it happened two days later. Better late than never. The annual rate of inflation slowed from 8.2% in September to 7.7% in October. This is still too high, and basic necessities such as food and transportation are increasing …

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This could be the start of a traditional post-midterm rally as signs of slowing inflation emerge

This could be the start of a traditional post-midterm rally as signs of slowing inflation emerge

Leave a Comment / Economy / By admin

October’s colder-than-expected consumer inflation report sparked a massive rally in stocks that could herald the traditional fourth-quarter rally of the midterm election year. Bond yields fell sharply as stocks soared after October’s consumer price index rose 0.4%, less than the 0.6% expected. The gain was 7.7% from a year ago, less than the 7.9% expected …

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