Source: The Hill
by Liz Peek
“Could a recession be the October surprise that changes the election outlook? It would be bad news for Kamala Harris. The economy, as always, is the top issue for voters, and a further jump in unemployment, which has already bounced up to 4.2 percent from 3.7 percent this year, would not help her chances of winning. It would certainly be a surprise, because investors and economists today are almost unanimous believing we are in for a ‘soft landing.’ The betting is that the Federal Reserve will manage to bring interest rates down and continue the push to reduce inflation, all while avoiding a recession. The problem is that that has almost never happened.” (09/16/24)
https://thehill.com/opinion/finance/4878880-recession-october-surprise-election/