Friday , 20 September 2024
Home Forex US politics – Meeting of top Democrats doesn’t resolve question of Biden to stay or go
Forex

US politics – Meeting of top Democrats doesn’t resolve question of Biden to stay or go

First, the non-political bit:

A big question for markets right now. If Biden stays on it seems to gift the Presidency to Trump. Most market analysts expect this’ll lead to higher deficits, higher inflation, and a lower US dollar.

OK, onto the politics. Axios:

  • A pre-planned meeting of the Democratic Policy and Communications Committee (DPCC)
  • Much of the meeting was taken up by members expressing their irritation and misgivings toward Biden and his team
  • Rep. Lloyd Doggett (D-Texas) alerted members of his statement calling for Biden to withdraw from the presidential race

Here is the link, ungated, to the Axios report.

What a mess. These folks need to sort it out if they want to stay in the contest.

Trump is doing well just letting this all play out.

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

China’s electricity consumption rose 8.9% year on year in August

China's power consumption is regularly used as a gauge of economic activity.It...

RBA meting next week – preview – to leave the cash rate on hold at 4.35%

Reuters poll of economists on what they expect from the Reserve Bank...

Bank of Japan leaves rates unchanged, as widely expected

Bank of Japan current short-term rate is 0.25% Japan's economy recovering moderately,...

European Central Bank President Lagarde speaking Friday

1500 GMT / 1100 US Eastern time2024 Michel Camdessus Central Banking Lecture...