Trump, ignoring polls, predicts economy to help Republicans in midterms

What happened

US President Donald Trump campaigned in Mississippi on Monday, predicting victory for a Republican Senate candidate based on what he called a booming US economy. He also repeated his claim that oil prices would soon plummet.

Confirmed

Global impact / market context

Voter concerns about affordability and inflation could weigh on Republicans in the November 3 midterm elections. All 435 House seats and 35 Senate seats are on the ballot, so control of Congress is at stake.

Analyst inference

Trump acknowledged the war in Iran has pushed up oil prices, which raises costs for companies and households. He said the price was small to stop Iran from getting a nuclear weapon and that it will be over soon.

Analyst inference

What to watch

1. Trump is expected to visit Texas, Ohio, South Carolina, Florida and Iowa in the final days of the campaign, according to the article. Confirmed
2. Watch whether voter discontent over affordability and inflation shifts support toward Democrats, which could change which party controls the House and Senate. Proposed
3. Watch oil prices tied to the Iran war, because higher oil prices raise costs for companies and households and can affect inflation and voter mood. Analyst inference

Evidence

• Original source link unavailable