With Congress divided, our U.S.-based team of analysts argues that regulators, not legislators, could do the most to influence the U.S. investment environment.
Key Takeaways
- The U.S. midterm elections gave the Democrats control of the House and the Republicans the Senate, a result that could limit the legislature's ability to push either party's agenda.
- In our opinion, this balance of power could limit further tax cuts and help keep federal deficit levels relatively contained.
- At the same time, we believe the majority of policy-making will rest with regulatory agencies, which throughout the Trump administration have