President JoeBiden may luck out on recession before November but still has to worry about 2024
But with the Commerce Department poised to publish its third-quarter gross domestic product data days before November's midterm elections, the White House and the party may run out of time to spin any bad news.With less than three months before the midterm cycle, Democrats are grappling with the prospect of voters remaining sour on the economy, even if there is no recession and unemployment stays low, according to Brookings Institution Governance Studies Vice President Darrell West.
The Republican National Committee reminded reporters in a memo Monday that year-on-year inflation is not 0%, despite July's promising month-on-month 0.3% figure, and gas prices continue to average $1.50 more per gallon than before Biden was president. "This job creation is no accident — it’s the result of the president’s economic plan, including the American Rescue Plan and Bipartisan Infrastructure Law," she said.
But Lachman, a former Salomon Smith Barney managing director and International Monetary Fund policy development deputy director, is still bracing for a recession late this year or early next year. He based his forecast on the housing market and the likelihood the equity market will"tank" if the Federal Reserve Bank keeps raising interest rates by 75 basis points, as well as consumer sentiment more broadly.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jill Biden tests negative for COVID-19, will go to DelawareFirst lady Jill Biden has tested negative for COVID-19 and will leave South Carolina, where she had isolated since vacationing with President Joe Biden, and rejoin him at their Delaware beach home, her office said Sunday.
Consulte Mais informação »
Opinion: Should Joe Biden just pardon Donald Trump to heal growing political division?Opinion: Should Joe Biden just pardon Donald Trump to heal growing political division? [Opinion]
Consulte Mais informação »
Jill Biden rejoins president after negative COVID-19 testsFirst lady Jill Biden has left COVID-19 isolation after twice testing negative for the coronavirus and has reunited with President Joe Biden at their Delaware beach home
Consulte Mais informação »
Jill Biden tests negative for COVID-19, will go to DelawareFirst lady Jill Biden has tested negative for the virus and will leave South Carolina, where she's been isolated since vacationing with President Joe Biden.
Consulte Mais informação »
Jill Biden Tests Negative for COVID-19, Will Go to DelawareFirst lady Jill Biden has tested negative for the virus and will leave South Carolina, where she’s been isolated since vacationing with President Joe Biden.
Consulte Mais informação »