What a Biden economy might look like
ING THINK aloud12 Marras 2020

What a Biden economy might look like

President-elect Joe Biden says the Trump administration’s refusal to concede the election will not affect the transition of power. But could this lack of cooperation be a harbinger of things to come? Unless Democrats can secure two Senate seats in Georgia in a January run-off, Republicans will retain control of the upper chamber, constraining Biden’s ability to push through his economic agenda and the Democrats' proposed fiscal stimulus, worth $3.4 trillion.

The ongoing political division in Washington comes as millions of Americans remain out of work, incomes are being squeezed and rising Covid-19 cases raise the spectre of tighter restrictions. In this podcast, ING’s Chief International Economist James Knightley discusses the outlook for the US economy, with Biden at the helm.

Jaksot(125)

Are we there yet?

Are we there yet?

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What to expect from commodity markets in 2023

What to expect from commodity markets in 2023

Global commodity markets have swung wildly this year, and the volatility may be set to continue into 2023. While Russia's invasion of Ukraine sent prices surging earlier in the year on concern that su...

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COP27: A climate cop out?

COP27: A climate cop out?

The COP27 climate summit in Egypt was supposed to be the moment when governments turned lofty aspirations into real world action, implementing the climate pledges made in Glasgow last year. Instead, m...

17 Marras 202215min

Listen: Rate hikes, recession, rate cuts

Listen: Rate hikes, recession, rate cuts

After four 75bp rate hikes, the US Federal Reserve has signalled a slower pace of tightening ahead. But Chair Jerome Powell also warned that it is "very premature" to consider a pause and that rates m...

3 Marras 202217min

Quid Game: UK markets live to fight another day

Quid Game: UK markets live to fight another day

In this podcast, ING's Chris Turner, James Smith and Antoine Bouvet discuss the UK government's fiscal policy, why it's sent markets into a tailspin and whether the Bank of England's intervention will...

29 Syys 202215min

Inflation, intervention and interest rates

Inflation, intervention and interest rates

In this week's THINK aloud, ING's Chris Turner, Developed Markets Economist James Smith and Senior Rates Strategist Antoine Bouvet discuss the latest inflation data from the US and UK, the implication...

15 Syys 202216min

ECB rate hikes won't change euro's trajectory

ECB rate hikes won't change euro's trajectory

The European Central Bank cited the weak euro as one reason to raise interest rates by 75bp on Thursday - the most on record. But tighter monetary policy is unlikely to change the euro's course. In th...

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Exceptional uncertainty

Exceptional uncertainty

The Bank of England raised interest rates by 50bp on Thursday, the most in a quarter century, as inflation sits at a 40-year high. And despite forecasting a protracted recession amid an 'exceptionally...

4 Elo 202214min

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