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Economic Viewpoint

United States: The 2022 Midterm Elections and the US Economy - A look at the issues and the potential economic fallout of the November 8 elections

November 2, 2022
Francis Généreux
Principal Economist

Voters will be heading to the polls on Tuesday, November 8. Every seat in the US House of Representatives and a little over a third of US Senate seats are up for grabs. There are also a number of state and local races on the ballot. The president’s party typically loses seats in the midterm election, and that could spell trouble for Democrats. This is borne out in the latest polls, which show that Americans are worried about the rising cost of living and have low consumer confidence. If Republicans win a majority in either house of Congress, we’re unlikely to see much federal action on the economy for the next two years.