Economy and macroUpdated November 6

Democrats take both chambers.

Democrats’ midterm sweep means Trump no longer controls either the House or the Senate, leaving an unpredictable final two years ahead. Analysts say the consequences could reach well beyond Washington, affecting financial markets, inflation, government borrowing costs and living standards. The Financial Times says the US political outlook has added complexity to the rate outlook, but gives no indication whether rates might rise or fall. So there’s no neat rate call here—just another political unknown for anyone trying to make sense of the global economy.

2 publishers2 reports

Coverage started November 4