Going to the polls, the economy is on everybody’s mind

Economy-on-mind-of-voters-CBN-News

Important Takeaways:

  • The 2024 presidential campaign comes to a conclusion today, and it all comes down to the battleground states where the margins are razor thin. Voters across the country are lining up to cast their ballot and election officials are taking extra security precautions to protect them.
  • More than 80-million Americans voted early, and this Election Day millions more will cast their ballots with polls showing a tight race to the very end.
  • The race between Trump and Harris appears to be a toss-up in seven battleground states. According to the final Emerson College Polling/The Hill, the races are so close they’re a statistical tie.
  • Voters in Virginia told CBN News what issues are most important to them.
  • “The economy, the economy, the economy,” said one voter. “I vote my wallet.”
  • Meanwhile, state officials are beefing up security to keep election workers and polling places safe.
  • A vote counting site in Maricopa County, Arizona has added metal detectors, armed guards, surveillance cameras and if necessary, a SWAT team.
  • And in the nation’s capital, security fences have been installed in case of violent protests following the election.
  • “The FBI is looking at all those threats that come in,” said James Barnacle, Deputy Assistant Director of the Criminal Division.

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Investors moving to Cash Funds at the fastest pace since the Pandemic

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • B of A Says Rush to Cash Is Now at Fastest Pace Since Pandemic
  • Cash is king, with investors fleeing to the safety of cash funds at the fastest pace since the coronavirus pandemic as the Federal Reserve remains firmly hawkish, according to strategists at Bank of America Corp.
  • Fed Chair Jerome Powell indicated this week that he’s prepared to push interest rates as high as needed to stamp out inflation, even as the central bank eyes a downshift to a slower pace of increases.
  • Among other upcoming catalysts, Americans head to the polls on Tuesday for midterm elections to decide control of both chambers of Congress, the governorship in 36 states, and countless other local races and ballot initiatives.
  • A Republican win would mean tighter monetary policy and further yield curve inversion, Hartnett said. A Democrat win would translate into looser fiscal policy and a steeper yield curve, he said.

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