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How interest rates may affect the US election

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The economy is what matters to American voters and such data can be used to produce accurate predictions.

The economy is what matters to American voters and such data can be used to produce accurate predictions.

PHOTO: REUTERS

Jeff Sommer

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What’s happening in the economy now will have a big effect – perhaps a decisive one – on the United States presidential election and control of Congress in 2024.

To a remarkable extent, the economy is what matters to voters, so much so that one long-running election model relies on economic data to produce accurate predictions without even considering the identities, personalities, popularity or policies of candidates, or the strategies, messaging or dirty tricks of their campaigns.

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