US presidential election outcome may be influenced by economic data cycles, including CPI and unemployment

From Investing.com: 2024-08-22 07:57:00

The economy has historically played a significant role in US presidential elections, with candidates like Herbert Hoover and George H.W. Bush losing due to economic factors. As the Nov. 5 election approaches, the economy continues to be a key issue. Two critical data releases to watch are the Consumer Price Index and the Unemployment/Payrolls report set for September and October. The unemployment rate has seen a slight rise this year, while inflation has been on a downward trend since a spike in 2021-2022. How these economic factors influence voters on election day remains to be seen, with recency bias likely playing a role.



Read more at Investing.com: These 2 Economic Data Cycles May Hold Key to US Election Outcome