Forecasters See Tight 2024 Race Despite Strong Economy Due to Inflation Hurting Biden
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Economic models predict a tight 2024 presidential race despite high employment and easing inflation.
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Yale economist Ray Fair sees Biden getting 51% of the vote due to high inflation over his first term.
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Growth is expected to slow in 2023 but no recession, still hurting Biden's vote share.
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Unemployment is very low but high prices are a headwind for Biden.
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Forecasters caution it's hard to predict the outcome a year away, many factors beyond just the economy.