The 2024 US elections compendium
|Summary
The 2024 U.S. election cycle has arrived, and with it have come questions about what the election will mean for the economic outlook. This compendium compiles a recent three-part series we wrote that examines the election and its economic implications from multiple angles. In Part I, we provide some background on this year's election including the outlook for control of the House of Representatives, Senate and White House. In Part II, we reviewed what history tells us about Federal Reserve monetary policy decisions in election years and discussed how election outcomes impact the FOMC. Finally, in Part III we explored the post-election fiscal policy outlook. Specifically, we examined the timeline for the next debt ceiling showdown, the outlook for the annual budget process, the longer-run fiscal outlook and the economic implications of the looming expiration of large parts of the Tax Cuts and Jobs Act.
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