From data centres and oil prices to tariffs and strained public finances, James Smith looks at how next week's US midterms could be more consequential than you think Whisper it, but are Tuesday’s US midterms a bit of a non-event? Perhaps, but that risks overlooking some potentially significant economic consequences. America’s vote has created surprisingly little conversation in recent weeks. No doubt, that is because the range of plausible outcomes has narrowed. The Senate race still hangs on a knife edge, but the House looks increasingly likely to fall to the Democrats. Clean sweep or not, Washington is heading for divided government. That sounds like a recipe for inaction.
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