Market reaction to US midterm elections should be quite muted – Danske Bank

“Republicans are favoured to win control of both House and Senate, although the Senate race remains a close call.”

“The risk-scenario for markets would be a clear victory for Republicans also in the Senate, as this could increase the risk of more expansionary fiscal policies amid the looming recession.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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The U.S. Labor Market Is Less Tight Than It AppearsThe Federal Reserve is hiking interest rates to fight inflation, and looking at measures of the labor market to see how it’s doing. When the labor market has very little slack—when there aren’t many workers looking for jobs—inflation tends to rise. But conventional measures of labor market slack aren’t perfect, and a new measure from LinkedIn researchers paints a much different picture: it suggests the labor market is much looser, which means inflation might not be as high in the future as traditional metrics would indicate.
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