16 November 2022 | Other

Republicans are one step away from winning the House of Representatives in the U.S. midterm elections

Republicans failed to win a majority of seats in the U.S. House of Representatives. They were just one seat short of winning the House of Representatives. After President Joe Biden's Democrats continue control of the Senate, there will be a two-year split in government because of the midterm victory.

The final result is not known yet. Thousands of votes are still being counted in several states, including California. Edison Research forecasts show that Democrats won 209 seats and Republicans won 217. For a majority, it would require 218 seats.

On November 8, Republicans were predicting a "red wave" of growth. Their expectations heavily fall behind a victory with a small advantage.

A split in Congress would have the effect of limiting Biden's power in Washington and making it difficult to advance his initiatives.

Company MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
07 May 2025 79
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
07 May 2025 56
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
07 May 2025 71
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
07 May 2025 35
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 71
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 76
Go to forecasts