NDR: Right or Left, Neither Noticing the Deficit

"Despite these differences in policy approach, neither Trump or Biden seem interested in reducing the budget deficit. That should result in a higher term premium and higher interest rates, which could slow economic growth," notes Chief Macro Strategist Joe Kalish.

Election season is now upon us, and if you are interested in Ed Clissold’s Special Report last week on U.S. elections or Joe's recent publication on potential fiscal policy, please reach out to us at www.ndr.com/contact-us for further access.