Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah?

Published On Oct 31, 2024, 5:04 AM

Consumers are expressing dissatisfaction with the economy, despite strong job growth and a cooling inflation rate. Recent polls indicate that economic concerns remain front and center for voters ahead of the election, with lingering pessimism despite overall positive economic indicators. Expected data may show that inflation is stabilizing at around 2.1% annually, indicating improvements in price increases, yet consumer confidence remains low, raising challenges for political figures campaigning on economic performance.

Stock Forecasts

As inflation stabilizes and if consumer confidence begins to rise, we could expect an overall positive impact on consumer discretionary spending. This scenario can benefit retail stocks, indicating a potential optimistic outlook for them. However, ongoing skepticism about the economy may dampen these gains and could result in volatility in stock prices.

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