Economic data
Now comes the test for Dems: household budget relief
Democrats won the midterms on voter frustration with high prices. Now they face the same problem that sank Republicans: Americans want lower prices, and there is little that policymakers can do to deliver them quickly.Why it matters: Prices for necessities like groceries and gas can fall in a healthy economy. But the kind of broad price declines that would reverse years of price gains would likely come with job losses and falling incomes, leaving households worse off than before.It sets up an early test for the incoming Democratic-controlled Congress and Democrats in statehouses across the cou