Elections · United States
United States Midterm Elections
The United States Midterm Elections decides who governs the United States or holds key offices.
- Importance
- Low
- Next release
- Currency
- USD · US dollar
- Central bank
- The Federal Reserve
Latest figures
No results of this release are shown yet. They appear here as soon as they are published.
Why it matters
Elections can change fiscal policy, trade policy and the independence of institutions, so markets price the outcome in advance. Surprises move the US dollar, local stocks and government bonds, sometimes sharply; uncertainty before the vote often raises option prices.
How it is calculated
There is no figure: the outcome is the result of the vote, often over one or two rounds.
What changes mean
- Compare the result with polls and betting markets: the surprise drives the reaction.
- Coalition talks after the vote can keep uncertainty high for weeks.
A short history
Election risk became a regular part of market analysis after shocks such as the UK's Brexit referendum and the US presidential election, both in 2016.
Questions
What is the United States Midterm Elections?
The United States Midterm Elections decides who governs the United States or holds key offices.
When is the next United States Midterm Elections?
On Tuesday 3 November 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.