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Recent discussions among bankers and regulators highlighted differing preferences regarding economic outlooks, with 76% anticipating a potential “President Harris.” Upcoming election-related milestones include state count deadlines on December 11, elector voting on December 17, and Congress certifying the election on January 6, 2025. Trump and Harris recently outlined contrasting economic policies, with Trump promoting tariffs under a "new American industrialism" and Harris advocating for an "opportunity economy." China’s response to its economic challenges includes liquidity injections and rate cuts aimed at reassuring investors rather than fostering broader consumption, and U.S. East Coast port workers may strike as issues in the supply chain escalate.

Financial markets saw the S&P start September down 4% but recover to a 2% increase, possibly marking a positive trend across eight of nine months this year. China's Shanghai Composite recently shown notable gains, alongside strong U.S. fundamentals indicating inflation moderation and resilient consumer spending. However, consumer confidence dipped and manufacturing indices showed weakness. Software spending is projected to rise, contradicting general downturn trends. Current forecasts suggest a divided Congress post-election, influencing potential policy advancements. Latest polls indicate a close race between Harris and Trump, with minimal impact from recent events.