Argentina's bonds and stocks are expected to rally on Monday after President Javier Milei's party won an overwhelming victory in a crucial midterm election, a key requisite to keep economic reforms on track and a U.
The numbers reflect Americans’ frustration with Trump’s tariffs, which have raised grocery prices and stunted the labor market. A report from the U.S. Bureau of Labor Statistics revealed Friday that inflation rose to 3 percent, its highest number since January, despite Trump bragging that he has “defeated inflation.”
Support from Washington was crucial to Milei’s survival. As President Donald Trump hailed him as a key strategic ally against China, US Treasury Secretary Scott Bessent promised a bailout of up to $40bn when the peso came under attack after the Buenos Aires election.
CNN data analyst Harry Enten reported Friday that fewer Americans now cite the economy as the nation's top problem, and that number continues to decline. Enten noted that fewer Americans are naming the economy as the top issue than has historically been the case.
Partial results show Milei’s party performing strongly in Córdoba, Mendoza, Entre Ríos and Buenos Aires City; La Libertad Avanza posts improved numbers in Buenos Aires Province.
If the shutdown extends into a second month, then damage starts to accumulate pretty quickly," said Mark Zandi, chief economist at Moody’s,
DNC co-chair Shasti Conrad warns Democrats risk losing New Jersey's gubernatorial election due to insufficient outreach to Asian American voters.