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High Stakes: A Snapshot of the Economy Heading Into Election Day

November 2, 2024 at 8:00 am Staff
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News Analysis
“It’s the economy, stupid!”
This has been the go-to political refrain for both sides since Democrat strategist James Carville uttered it in 1992 when he advised former President Bill Clinton.
With only days now until the presidential election, polls show that the economy is still a top issue for voters.
After nearly four years since the beginning of the current administration, how has the economic landscape performed?
Inflation Is the Top Issue for Voters
The 12-month view of the Consumer Price Index (CPI) indicates that price stability has been restored amid tighter monetary policy and normalizing supply chains.
A more expansive view of inflation’s cumulative three-year run presents a different picture, however, for households….

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