Congressional Gridlock After Midterms May ‘Not Be All That Bad for Markets,’ Says Economist

Started by Epoch-Times-Bot, Oct 24, 2022, 12:30 PM

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Epoch-Times-Bot

Oct 24, 2022, 12:30 PM
Congressional Gridlock After Midterms May 'Not Be All That Bad for Markets,' Says Economist

A wave of Republican victories in the coming midterm elections will lead to a divided Congress, likely stalling President Joe Biden's soft infrastructure—healthcare and childcare—agenda, according to an American economist.
"The House is very much tilting red and the Senate races have certainly narrowed in recent weeks. So, it will be very much gridlock in Washington, which tends to not be all that bad for markets because it means status quo and no major initiatives," Carl Riccadonna, chief U.S. economist at BNP Paribas, told The Epoch Times.
"A blue wave is the least likely scenario."
Riccadonna shared his views this week during a bank press conference in New York....

Source: Congressional Gridlock After Midterms May 'Not Be All That Bad for Markets,' Says Economist

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