The 2024 election is close and businesses outlining their priorities
Published On Sep 25, 2024, 6:00 AM
As the 2024 election approaches, a significant increase in interest among small business owners regarding electoral priorities has been observed. A recent survey by the U.S. Chamber of Commerce reveals that 78% of small business owners consider the economy and inflation as key issues for the next president and Congress. This marks a substantial rise from previous years, reflecting ongoing frustrations with high prices and lack of effective political solutions. Finance executives from larger firms echo similar concerns, with inflation and economic stability being the top external risks recognized.
Stock Forecasts
XLP
Positive
Given the heightened focus on economic concerns, especially inflation, companies that can address these issues or are involved in fighting inflation could potentially perform well. Businesses in sectors such as consumer staples, utilities, or those innovating in cost reduction technologies may see increased demand as they appeal to the small business community's frustrations. Furthermore, political stability or policy shifts favoring economic growth could provide a boost to broader market sentiment.
Related News
Here’s the deflation breakdown for September 2024 — in one chart
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
Stock market today: Dow, S&P 500 slip as inflation, jobs data cloud Fed rate-cut picture
Oct 10, 2024, 4:06 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Social Security Benefits to Climb 2.5% in 2025
Oct 10, 2024, 8:53 AM
The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers.