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The 2024 election will be here before you know it, and economists are watching it closely. If Donald Trump wins a second term, some experts believe it could affect the U.S.'s inflation trajectory
Core inflation, which doesn't count two of those three factors, is actually running even hotter at 3.3% presently. And things could be about to get even worse. Maybe much worse.
Starting in 2022, the Fed raised interest rates 11 times — its usual tactic for battling inflation — by a total of 5.25 percentage points. The last rate hike was in July. The last rate hike ...
The 2022 Texas gubernatorial election took place on November 8, 2022, to elect the governor of Texas. Incumbent Republican Governor Greg Abbott won re-election to a third term, defeating the Democratic nominee, former Congressman Beto O'Rourke. [1] All statewide elected offices were currently held by Republicans.
Governor. Next gubernational election in Texas will take place on November 2022. Candidates term ends; Greg Abbott: 2022. Source: Associated Press.
As a consequence, economists at Goldman Sachs have forecast that core inflation would amount to 2.7% by the end of 2025. Without tariffs, they estimate it would drop to 2.4%.
Texas's location in the American South and largely in the greater Bible Belt has given the Republican Party the upper hand in the state in recent decades. [88] Trump received the most raw votes for a political candidate ever in Texas, breaking his own record from 2020 by over 500,000. The Democratic vote total fell by 425,000 between 2020 and 2024.
It also explains why more than 1 in 4 people polled by YouGov in August said they think the current inflation rate is over 10%, or more than quadruple the actual inflation rate.