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Here's who Wall Street thinks will win the midterm elections

Here's who Wall Street thinks will win the midterm elections

CBSN
Tuesday, November 08, 2022 10:12:45 AM UTC

Wall Street analysts are betting that Tuesday's midterm elections will flip control of Congress, with potentially significant implications for the U.S. economy.

History backs them up: The president's party has lost between 25 and 30 House seats in nearly every modern midterm election. But this year, the economy is playing an outsized role. A recent Gallup poll found that the portion of registered voters calling the economy "extremely important" in who they support at the ballot box is at its second-highest level in two decades.

Muddying the picture this year is that the economy is sending mixed signals. A historically strong job market and high rates of Americans starting businesses coexist with the highest inflation since the early 1980s and soaring energy costs. 

Read full story on CBSN
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