Global marketsUpdated November 8

Economist sees a healthy U.S. economy and limited room for policy change

Joe Lavorgna, chief economist at SMBC Nikko Securities, separates voters’ affordability concerns from the broader state of the economy. On Bloomberg This Weekend, he said affordability helped drive the midterm results, but the underlying U.S. economy remains healthy. He also argued that divided government may limit major policy changes. In Lavorgna’s assessment, voter concern about costs does not mean the economy is in trouble—and Washington may have limited room for a sweeping policy response.

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Coverage started November 8