Here’s what the Democratic election rout could mean for the U.S. economy
The biggest forces shaping the economy aren’t going to change just because the party in power did.
Economic news
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Bank of England raises interest rates to 4% in bid to tame inflation
Central bank lifts borrowing costs for first time since 2023
Democratic landslide raises big questions for US energy policy
The party prioritised tackling the high cost of energy during the midterms
European stocks approach all-time high on Democratic sweep
Investors bet scale of Republican defeat in US midterms will restrain White House policymaking that has weighed on markets
Bank of England set to raise rates for first time in three years in battle against inflation
Governor Andrew Bailey expected to announce a rise in interest rates to 4 per cent
Wall Street bets Democratic sweep will empower moderates in Washington
Investors expect midterm election to restrain sway of extremes in American politics