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fuel pricesinflationmidterm electionsUS
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 101.86 |
| Change that session | +0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Got a Minute ? Rep . Dina Titus addresses gas prices , Iran war and water supply in re - election campaign
Rep. Dina Titus said inflation, including gas, grocery and health insurance costs, is the issue constituents raise most often during her re-election campaign. She said gas prices have risen partly due to the war with Iran, and she backs a proposed pipeline through Idaho and Wyoming because Nevada has no refineries and relies on California for supply. Titus said the war, expected to last two weeks, has lasted seven months and cost American lives, and she supports diplomacy to resolve it. On water, she said Lake Mead's level keeps falling and she supports tying development approvals, including for data centers, to water availability.
- Trump hits his favorite insane talking points at weekend rallies
President Donald Trump rallied in Dalton, Georgia, on Friday and Highland Heights, Kentucky, on Saturday, repeating familiar lines on topics including his makeup and a spelling joke about 'dumb,' which the author calls nonsensical. Georgia Sen. Jon Ossoff described the speech as 'senile babbling.' The author argues Trump would help Republicans more by staying out of the final weeks of the midterm campaign so candidates can define their own races. The column says Trump dismisses voter concerns about inflation, corruption and the cost of gas and groceries as hoaxes.
- Retail price impacts from the Iran war are uneven but add up for US households before midterms
More than seven months into the U.S. war with Iran, higher fuel prices are making driving and flying more expensive and pushing up the cost of some goods, though retailers have not raised prices across the board. Moody's Analytics chief economist Mark Zandi estimates the war has cost the average U.S. household almost $2,000, including $1,100 in higher energy prices, $540 in higher interest rates and $360 in military costs. The national average gasoline price was $4.33 a gallon, 45% above its prewar level, while diesel rose 68% to $6.33, according to AAA. Airfares were about 22% higher than a year earlier, and USDA now expects grocery prices to rise 2.4% this year, up from an initial forecast of 1.7%. Many companies have absorbed part of their higher costs, but a sharp rise in wholesale prices suggests some may pass on more if fuel prices stay high.
- Retail price impacts from Iran war uneven, add up before midterms – NBC Chicago
- Georgia swing voters in Milledgeville weigh 2026 election
In Milledgeville, Georgia, Freeman's Barbershop, open since 1968, reflects residents' view that the local economy has changed after the loss of major employers such as Central State Hospital, Reed Manufacturing and Mohawk. Baldwin County was one of just three Georgia counties to vote for Joe Biden in 2020 and Donald Trump in 2024. Voters cite rising property taxes and high diesel prices, which have left some truckers idle, and analyst Cory Ruth says concerns over the war, gas, affordability, inflation and fatigue with the party in power cut across party lines. Ruth also warns that recent midterm polling has been off, missing rural and working-class voters who use landlines or distrust random texts.
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- Deputy Governor Pham Thanh Ha: SBV Strongly Implementing Measures to Reduce Interest Rate Levels
Deputy Governor Pham Thanh Ha said the SBV will actively manage liquidity and supply capital to the market to support lower interest rates, amid high credit demand and global inflation pressure on rates. The SBV has asked credit institutions to cut deposit rates by 0.5-1% per year for new deposits with terms of 6 months or more and to reduce lending rates by 1.5-2% for production, business and priority sectors. Banks have uniformly cut listed rates by 0.5% per year, actual deposit rates fell about 0.4%, and new loan rates fell 0.2-0.5% compared with early October. More than 20 banks have announced preferential credit programs, and the SBV recently launched a 6-month FX-to-VND swap tool.
- Democrats win US House to secure control of Congress in midterms
Democrats have won control of both chambers of Congress in the midterms, winning House seats in districts where Trump beat his Democratic opponent by up to 18 percentage points in 2024. They also flipped at least seven Senate seats in Kansas, Iowa, Texas, Ohio, Maine, North Carolina and South Carolina, according to the Associated Press. From January 2027 they will take control of House committees, allowing subpoenas and investigations into the Trump administration and his family's business interests, which could reshape the outlook for crypto legislation and bring greater scrutiny of Trump-linked digital asset businesses. Commentators cited affordability, including high energy costs and renewed rate increases, as the defining issue, while David Gokhshtein blamed Republican candidates for failing to connect with voters. Prediction markets had put the chance of Democrats winning both chambers at roughly 75% before the results were announced.
- Zcash Is Getting a Major Upgrade in November. Could This Be a Catalyst for Further ZEC Price Gains?
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- Gold, silver and precious metals prices jump, dollar dips as Democrats take control of Congress
Precious metals rallied early Tuesday after vote counting in the U.S. midterms pointed to Democrats winning the House, while the dollar index fell about 0.3%. Spot gold rose 2% to $4,005.40 an ounce and spot silver jumped 4% to $51.68, with platinum up 3.3% and palladium up 3.8%. StoneX's Rhona O'Connell said Democratic control of both chambers could bring fiscal brinkmanship and uncertainty, but gold should find support as rates and the dollar may come under pressure. Gold and silver have lost momentum this year, with gold down more than 7% and silver down almost 28% year to date. Capital.com's Daniela Hathorn said the recovery remains fragile, as restrictive monetary policy limits safe-haven demand and investors may sell metals to raise cash during equity selloffs.
- Prime Minister: “After many years, electricity prices are finally falling, based on a very careful assessment of EVN’s financial situation”
At the regular October government session, Prime Minister Lê Minh Hưng acknowledged basic achievements but flagged challenges in controlling inflation and reaching double-digit growth, including low disbursement rates at some ministries and key projects. He stressed that controlling inflation is the top priority for the final two months of the year, warning that growth will not spread to the economy and people if inflation is not contained. On electricity, he said prices are finally falling after many years, based on a careful review of EVN’s financial situation, while fuel tax measures introduced early this year have strongly affected budget revenue. The Ministry of Finance was tasked with monitoring prices, updating inflation scenarios, accelerating VAT reform and proposing CPI targets for localities from 2027, and a decree on petroleum business is to be finalized in November 2026.
- Trump congratulates Democrats on winning both chambers of Congress, pledges cooperation
After Republicans lost control of both the Senate and the House, President Donald Trump told Fox News that Democrats “did a good job” and that the midterm loss was not a major blow to him. He said his administration cannot work with Democrats on every issue but could cooperate on immigration, and claimed the past two years were the best economic period in his presidency’s history. He congratulated Democrats for waiting 11 years for this win. Senator Kirsten Gillibrand said the blue wave was much bigger than she had imagined. Trump said Republicans have a pool of potential 2028 presidential candidates, though it is still too early to identify them.
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