1. Factors with Strongest Potential to Affect Near-Term Economy Respondents were asked, over the next six months, which two factors had the strongest potential to affect the economy. Even though the 2024 election is in the rear view mirror, lenders remain very concerned about political uncertainty and the impact policy changes from the new administration will have in the US and globally, as seen by a slight increase from the prior quarter. Lenders did not lose sight of interest rates, as that remains a top 3 factor. This policy uncertainty is also seen in slight upticks in factors such as the possibility of a US recession and the climbing budget deficit.
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