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Promising PCE Data, Morning Consult Poll

Bloomberg Intelligence

CHAPTER

Economic Forecasts and Election Dynamics

This chapter examines potential economic scenarios impacting Treasury yields and Federal Reserve actions, emphasizing the likelihood of a recession as the base case. It also discusses the latest polling data in a closely contested election, highlighting shifts in voter support relating to key issues such as the economy and immigration. The narrative weaves together economic trends and political strategies, focusing on important battleground states like Pennsylvania in the run-up to the elections.

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