The Real Economy: Volume 71
Election economics: Biden victory projected, Senate hangs in balance
THE REAL ECONOMY |
Joe Biden’s projected victory in the presidential race implies a possible era of significant changes to address the pandemic, expand domestic health care, modernize the nation’s infrastructure and adopt expansionary fiscal policy—all of which will define the economic policy landscape over the next two years. However, the party that controls the U.S. Senate will determine the scope of that change, and that outcome is pending the two runoffs for the seats in Georgia.
In this issue, we examine the election’s economic impact, Federal Reserve policy, used car sales data, manufacturing index trends as well as middle market inventory and holiday spending. Download the full report.
IN THIS ISSUE
Joe Biden’s projected victory implies a possible era of significant changes to address the pandemic, expand domestic health care, and more.
The Fed remains the only game in town when it comes to providing sustained accommodation to an impaired economy.
A confluence of trends linked to the pandemic has driven the price of used automobiles up by the quickest monthly gain since 1969.
A rebound in U.S. manufacturing sentiment to the pre-trade war levels of summer 2018 implies that the economy is moving toward recovery.
A modest improvement. The RSM US Middle Market Business Index improved to 128.0 in September from 124.9 in August.