News Formal

Wall Street is bracing for a potential game changer, but it's not the election | CNN Business

  • 📰 ALNewsNetwork
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Wall Street is waiting for the results of the midterm election, but traders say this week's inflation report may prove to be far more consequential to markets. campaign2022 inflation wallstreet alabamanewsnetwork

Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say this week’s inflation report may prove to be far more consequential to markets. “Obviously this midterm election — because democracy is on the ballot — is a big deal in the eyes of the population,” Peter Tuchman, a veteran New York Stock Exchange floor trader, told CNN Business on Tuesday. “But how much it weighs on the economy is a good question.

Of course, gridlock may not prove to be good if it leads to a debt ceiling fight or if it limits the willingness of Congress to cushion the blow from a potential recession. If Republicans win control of at least the House of Representatives, markets may have a “muted” reaction because that is widely expected, Goldman Sachs told clients in a report Monday. Andrew Frankel, co-president of Stuart Frankel, agrees that a GOP victory is “baked in” and shouldn’t trigger a major market rally.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 583. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Wall Street Journal: Meta is planning significant layoffs | CNN BusinessFacebook-parent Meta is planning the first significant layoffs in its history as the company grapples with a shrinking business and fears of a looming recession, according to the Wall Street Journal. Well that's what they get for censoring conservative voices. In 2021 I was 'fact checked' for posting a joke about the election. Seriously another one Happy for employer
Källa: cnni - 🏆 326. / 59 Läs mer »

Taiwan's virtual beauty brand struggles on Wall Street debut | CNN BusinessTaiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago.
Källa: cnni - 🏆 326. / 59 Läs mer »

NBC News pulls report on Paul Pelosi attack | CNN BusinessNBC News pulled a report about the attack on Paul Pelosi that the network said did not meet its standards. He is the husband of U.S. House Speaker Nancy Pelosi.
Källa: ALNewsNetwork - 🏆 583. / 51 Läs mer »