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    Inflation Fears Stalk Presidential Politics and the Markets

    Lawmakers on Capitol Hill are set to grill Jay Powell, the Fed chair, about interest rates and the economy, topics that are top of mind for voters and investors alike.Jay Powell, the Fed chair, will begin two days of testimony on Capitol Hill with inflation a hot topic for voters and markets.Richard Drew/Associated PressInflationary pressure and presidential politics President Biden and Donald Trump dominated Super Tuesday, setting the stage for a rematch of the 2020 election. One topic that’s high on the agenda for voters: Inflation.That means all eyes will be on Jay Powell, as the Fed chair makes a two-day appearance on Capitol Hill this week, for any sign of what’s next on rate cuts.Inflation is kryptonite for any politician, and especially for Biden. Trump again pounded the president on high prices, an issue that’s lifting the Republican in polls even as a range of indicators show that the economy is performing strongly.(The White House is putting the blame on corporations that “try to rip off Americans.” Watch for that theme at Thursday’s State of the Union address.)Powell will appear before the House on Wednesday and before the Senate on Thursday. Data published in recent weeks shows that jobs are plentiful, wages are rising and consumers are still spending. Analysts have upgraded their economic forecasts, raising hopes that a soft landing is likely.But market pros see warning signs. Concerns remain that inflation will stick above the Fed’s 2 percent target, forcing the central bank to put the brakes on interest rate cuts that traders expect to begin in June. The futures market on Wednesday is forecasting three to four cuts this year — down from nearly seven just weeks ago — and the more cautious sentiment has helped drag the S&P 500 lower this week.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Josh Stein Wins Democratic Primary for North Carolina Governor

    Josh Stein, the North Carolina attorney general, handily won the state’s Democratic primary for governor on Tuesday, according to The Associated Press, setting the stage for a matchup with a fiery Republican rival in a race that will be tightly contested and closely watched.The race will probably be the most expensive in the country this year outside of the presidential election, as Democrats try to retain a governor’s office that they have held for all but four of the last 31 years, a rare Southern stronghold for the party.Mr. Stein, 57, who was endorsed by Gov. Roy Cooper, a term-limited Democrat, easily defeated his four primary opponents, including Michael Morgan, a former North Carolina Supreme Court justice.Now Mr. Stein, who has presented himself as a stable and experienced leader, will turn his attention to his opponent, Lt. Gov. Mark Robinson. The attorney general has cast Mr. Robinson as an extreme figure distracted by culture war issues.Mr. Stein has highlighted a number of statements that Mr. Robinson has come under heavy criticism for making in recent years, including that Christians are “called to be led by men,” not women, and that “there’s no reason anybody anywhere in America should be telling any child about transgenderism, homosexuality, any of that filth.”“Some politicians spark division, ignite hate and fan the flames of bigotry,” Mr. Stein said in a campaign ad that showed clips of Mr. Robinson.Mr. Robinson has dismissed the criticism while doubling down on anti-L.G.B.T.Q. remarks and painting Mr. Stein as an extreme liberal.Political science professors in North Carolina say that Mr. Stein will have an easy time portraying Mr. Robinson as a Trump-aligned Republican who would further roll back abortion rights. A big question is which candidate will benefit more from the huge influx of voters the state has seen over the last few years; many have settled in the suburbs and exurbs of Charlotte and Raleigh. President Biden won the counties that contain those cities in 2020 but lost many of the surrounding areas to Donald J. Trump.A native of Chapel Hill who has degrees from Dartmouth and Harvard, Mr. Stein became the first Jewish person elected to statewide office in North Carolina in 2016 when he defeated Buck Newton, a Republican, to become attorney general. He previously served as a state senator.His re-election victory in 2020, however, showed how slim his margins could be: He won by fewer than 14,000 votes that year, with 50.1 percent of the vote. Mr. Trump won the state in 2020 by 1.3 percentage points, and Mr. Cooper by more than 4 percentage points. More

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    Mark Robinson Wins Republican Primary for North Carolina Governor

    Lt. Gov. Mark Robinson of North Carolina defeated his two challengers in the Republican primary for the governor’s race on Tuesday, according to The Associated Press. His win proved that his blustering, Trump-aligned style is favored by conservatives who are gearing up for what will probably be the most expensive and closely contested statewide race in the country.Mr. Robinson had consistently maintained a sizable lead against his opponents, Dale Folwell, the state treasurer, and Bill Graham, a personal injury and wrongful death lawyer. Now he will face Josh Stein, the Democratic state attorney general, whose policies mirror those of Gov. Roy Cooper, a Democrat who is popular but term limited.Mr. Robinson’s nomination notched another success in what has been a remarkable rise for the lieutenant governor: In 2018, he was working in furniture manufacturing. A year later, after he drew national attention in conservative circles with a video showing him criticizing gun control at a public meeting in Greensboro, he entered the race for lieutenant governor.Now, four years after being elected to statewide office as a political firebrand and newcomer, Mr. Robinson is charging toward the executive mansion in Raleigh with a brand of conservatism that focuses on culture war issues, testing how far right North Carolinians are willing to go in their purple state.Mr. Robinson has characterized the civil rights movement as a communist and socialist plot to “subvert capitalism,” promised to arrest transgender women who use women’s restrooms and said that Christians are “called to be led by men.” He has disparaged the L.G.B.T.Q. community, made comments widely perceived as antisemitic and called for limiting discussions about racism in public schools.Mr. Robinson’s rhetoric will ratchet up the attention on North Carolina, which many see as crucial to winning the presidency. Democratic leaders in the state hope that Mr. Robinson’s controversial comments will drive Democrats to the polls and help them win swing voters. But some Republican strategists believe Mr. Robinson’s personality will animate the base and drive up their own turnout.Mr. Robinson supports a so-called heartbeat law, banning abortion at about five or six weeks of pregnancy; such a ban would go further than current state law, which restricts abortion after 12 weeks. His campaign spokesman said that Mr. Robinson supports exceptions for rape, incest or when the life of the mother is in danger, but he did not provide details. More

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    California’s Primary Election Is Today

    The nominees for president and many other offices will be decided today, Super Tuesday, as voters in California and 14 other states head to the polls.Super Tuesday voting in 2020.Max Whittaker for The New York TimesWelcome to Super Tuesday.California and 14 other states are casting ballots for presidential nominees and many down-ballot races today, on the busiest day of the primary season.California, which used to hold its primaries in June, switched in 2020 to holding primaries in presidential election years in March in the hope of increasing the state’s influence on the national outcome. But that part of the primary is a little anticlimactic this year, with President Biden and Donald Trump already on glide paths to secure their parties’ nominations. (You can follow nationwide Super Tuesday results and the latest developments here.)What’s likely to be more interesting this time are the many other races and questions on the California ballot.Voters will have their say on State Assembly and State Senate candidates, and on a ballot measure championed by Gov. Gavin Newsom that would finance mental health treatment in the state. And congressional races in the state could help determine control of the U.S. House, where Republicans now have only a seven-seat majority.California’s delegation currently has 40 Democrats, 11 Republicans and one vacant seat. And 10 of the 74 most competitive House races in the nation are in California, according to the Cook Political Report, including several in the Central Valley and Orange County.The two top vote-getters in each race today, regardless of party, will compete in the general election — effectively a runoff — in November. This CalMatters tool lets you find your district and see whether it has a competitive race.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump Wins North Dakota Caucuses, Resuming March to Nomination

    Donald J. Trump defeated Nikki Haley in the North Dakota Republican caucuses on Monday, according to The Associated Press, as he resumed his march to the nomination after a victory by Ms. Haley in the Washington, D.C., primary the day before.Mr. Trump received over 84 percent of the vote, according to The A.P., an overwhelming victory that awarded the former president all 29 of the state’s delegates because he earned more than 60 percent of the vote.Turnout was very low in this election. Just under 2,000 votes have been counted. The numbers are not directly comparable, but the Democratic caucuses in North Dakota tallied more than 14,000 votes in 2020, and North Dakota is a deep-red state.Mr. Trump now has 273 delegates. Ms. Haley, who received no delegates from the North Dakota caucuses, has 43.The contest resumed Ms. Haley’s string of defeats in the nominating contests so far, most by double-digit margins, beginning with the Iowa caucuses in January and continuing through the Michigan primary last Tuesday.Ms. Haley, a former governor of South Carolina, had briefly interrupted her losing streak with a victory in the nation’s capital, winning about 63 percent of the vote on Sunday. The contest was small — just over 2,000 Republicans voted in the overwhelmingly Democratic city — but awarded Ms. Haley 19 delegates, nearly doubling her total.But it is unclear if Ms. Haley can win any of the coming state contests. North Dakota was the last state to hold a nominating contest before Super Tuesday, when 15 states will hold Republican primaries and caucuses that will distribute about a third of all delegates. Mr. Trump leads by wide margins in polls both nationally and in states that will vote on Tuesday. Recent polls in Texas, for example, show him with about 80 percent support.While Mr. Trump won’t be able to clinch the nomination on Super Tuesday, a strong performance could put him very close to the majority of delegates he needs. If Ms. Haley doesn’t win some states soon, Mr. Trump could secure the nomination by the end of March. More

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    Nikki Haley gana las primarias de Washington y corta la racha de Trump

    La candidata obtuvo el 63 por ciento frente al 33 por ciento de Donald Trump, convirtiéndose en la primera mujer en ganar unas primarias presidenciales republicanas.El domingo, Nikki Haley ganó las primarias republicanas en Washington, D. C., registrando su primera victoria tras una serie de derrotas ante el expresidente Donald Trump, quien respondió amargamente en las redes sociales, diciendo que había evitado a propósito la contienda “porque es el ‘pantano’”.Haley obtuvo alrededor del 63 por ciento de los votos frente al 33 por ciento de Trump, según The Associated Press, asegurándose los 19 delegados disponibles y convirtiéndose en la primera mujer que gana unas primarias presidenciales republicanas. Sin embargo, Trump sigue bien posicionado para asegurarse la nominación este mes.La contienda en Washington fue pequeña: poco más de 2000 republicanos votaron en la ciudad abrumadoramente demócrata, un gran contraste en comparación con los 110.000 en Iowa, 325.000 en Nuevo Hampshire y 757.000 en Carolina del Sur.Haley pareció reconocer esto en una publicación en la red social X. “¡Gracias, D. C.!”, escribió. “Luchamos por cada centímetro”.Pero Trump no podía dejar pasar ese centímetro. En su sitio de redes sociales, afirmó falsamente que Haley había “gastado todo su tiempo, dinero y esfuerzo allí”. Nunca utilizó su nombre, y se refirió a ella repetidamente con su despectivo apodo de “cabeza de chorlito”.Haley trató de jugar con el simbolismo de Washington —que no es precisamente el lugar favorito de los republicanos— a su favor, escribiendo: “Los republicanos más cercanos a la disfunción de Washington saben que Donald Trump no ha traído más que caos y división en los últimos ocho años”.Karoline Leavitt, portavoz de Trump, dijo en un comunicado que Haley “acaba de ser coronada ‘reina del pantano’ por los grupos de presión y los expertos de D. C. que buscan proteger el fracasado statu quo”.La contienda se centrará ahora en los 15 estados que celebrarán elecciones republicanas el Supermartes, el 5 de marzo. Aunque no es matemáticamente posible que Trump consiga la nominación todavía, podría acercarse mucho con una buena actuación en el Supermartes y posicionarse para lograrlo en las próximas dos semanas.Maggie Astor cubre política para The New York Times, enfocándose en noticias de última hora, legislaciones, campañas y cómo los grupos subrepresentados o marginados se ven afectados por los sistemas políticos. Más de Maggie Astor More

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    Trump Dominates Michigan G.O.P. Convention Amid Party Turmoil

    The former president won all 39 delegates against Nikki Haley during the caucus-style event in Grand Rapids.Former President Donald J. Trump capped off a clean sweep of Republican delegates in Michigan on Saturday during a raucous convention, which further exposed a deep fissure in the state party that threatens to fester in one of the most important battleground states.Mr. Trump, the Republican front-runner, amassed at least 90 percent of the vote in all but one of the state’s 13 congressional districts against former Gov. Nikki Haley of South Carolina, who was ambassador to the United Nations under Mr. Trump.A simple majority was needed in each district to win its share of delegates at the caucus-style event, giving Mr. Trump 39, to go along with the 12 that he won in Michigan’s primary, which was held on Tuesday. Ms. Haley emerged from that contest with four delegates.Mr. Trump’s dominance earlier in the week left little doubt about the outcome of the convention on Saturday at the Amway Grand Plaza in Grand Rapids, Mich.A check-in table at the convention in Grand Rapids. An estimated 200 Republican stalwarts were denied credentials during the convention.Brittany Greeson for The New York TimesBut a protracted fight over the state party’s rightful leader spilled over into the proceedings, where an estimated 200 Republican stalwarts from about 20 of Michigan’s 83 counties were denied credentials. Two other groups boycotted the event and held breakaway conventions, one more than 100 miles to the north in Houghton Lake, Mich., and another more than 50 miles southeast in Battle Creek, Mich.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Missouri Republican Caucus Results 2024

    The Republican caucuses will take place in person across the state beginning at 11 a.m. Eastern time. Instead of secret ballots, participants will move around a room and form groups that will determine how many representatives each candidate will have at district and state conventions held later. Missouri voters may affiliate with a party via […] More