US economy at stake in Biden v. Trump debate: “Both candidates have inflationary policies”

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All eyes are on THE very anticipated THURSDAY debate between President Joe Biden And ancient President Donald Asset, program For THURSDAY has 9 p.m. AND.

This debate takes place on four month Before THE November election, marking THE the earlier presidential debate Since 1960.

"THE to focus will most certainly be on THE economy First of all, And SO stranger policy," economist Aisha Tariq, founder of MacroViewer, said In A blog post.

K-shaped Recovery And Upper Expenses

Tariq asserted that both candidates are historically unpopular, with THE American public fatigue of high prices And interest rates.

"THE American economy has experimented A K-shaped recovery," She explain, "Or THE high quartile of income employees to have successful GOOD, but THE down 50% to have struggle. However, elections count everyone vote. »

THE new televised format, moderate by CNN, East expected has address public health concerns And allow For uninterrupted candidate declarations. Tariq believes This could provide clearer knowledge In each candidates policies.

Tariq Underlines that Trump's presidency saw lower inflation, interest rates, And Taxes, which could call has voters nostalgic For those economic terms. Conversely, Biden East likely has emphasize her administration weak unemployment rates, stimulus measures, And efforts has restore manufacturing jobs through Infrastructure expenses policies.

Despite different approaches, THE results on expenses And inflation would be not be Also different, according to has THE economist.

"Both candidates to have Strategies that are inflationary And call For A increase In tax expenses," Tariq said.

Biden supports upper staff taxes For high income employees And existing prices with select protectionist measures, while Asset favorite maintain previous tax cuts And imposing A ten% global rate And A 60% China price.

On illegal immigration, Biden concentrates on legislative repressive measures, while Asset takes A more strict position with direct deportation.

In energy policy, Biden favors to do the housework energy And Inflation Reduction Act (IRA) expenses, while Asset defenders For increase fossil fuel production has reduce inflation.

Tariq explain that THE elections result, if A unified Or split government, will significantly impact policy Implementation. A unified government East expected has result In bigger tax expenses.

Potential Walk Reactions

Long term Treasury yields are key indicators has monitors For walk observers After THE debate, according to has Tariq.

"A poorly received debate could lead has A point In yields due has concerns about inflation And economic to slow down. However, Friday PCE data could to counter This orient yourself," Tariq wrote.

THE yield on THE 30 years Treasury Note farm THE session has 4.43%, down 3 base points on Thursday.

THE economist waits volatility has increase post-election Since A significantly weak level, indicating a few walk anxiety about future policies.

On THURSDAY, THE CBOE Volatility Hint, Or VIX, farm has THE 12.21 level, marking It is third right session of declines. THE walk fear gauge continued has socket close THE the lowest levels Since January 2020.

THE S&P 500, as follow up by THE SPDR S&P 500 ETFs Trust TO SPY, checked in A third consecutive Green session, closing has less that 1 percentage indicate below It is all the time high.

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Photo created with pictures Since Oscar Ivan Lopez And brand Reinstein/Shutterstock.com And artificial intelligence via Halfway.

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