U.S. midterm elections face pressure from rising living costs
In short
Rising living costs are becoming a big political problem in the U.S. even though the economy is growing, the stock market is strong, and unemployment is relatively low.
What the reporting says
Rising living costs have emerged as a major political challenge for the Trump administration on the U.S. midterm elections. The report says this comes despite robust economic growth, a buoyant stock market, and relatively low unemployment.
Why it matters
Rising living costs have become a major political challenge for the Trump administration in the run-up to U.S. midterm elections, despite robust economic growth, a buoyant stock market, and relatively low unemployment. The immediate consequence is political, not yet a confirmed market or policy change.