A person cast their vote duing the first day of early voting in the general election in Brooklyn on Oct. 25, 2025.
Photo by Lloyd Mitchell
More than a quarter-million New Yorkers have already cast ballots in the 2025 NYC mayoral general election — and most of them appear to be Democrats and/or older, according to an amNewYork analysis of unofficial early voting data.
That would seem to provide good news for former Gov. Andrew Cuomo, a 67-year-old registered Democrat now running an independent campaign, who has consistently led among older voters in recent polls. The frontrunner in the race — Assembly Member Zohran Mamdani, the 34-year-old Democratic party nominee — has had younger voters firmly in his corner in those same surveys.
Of the roughly 223,268 New Yorkers who have voted early between Oct. 25-27, 74% were registered Democrats, according to preliminary data from the New York City Board of Elections (BOE). Nearly 13% are registered Republicans, and 11% did not list a party affiliation.
Both Cuomo and Mamdani, as Democrats, are targeting Democratic voters; Cuomo has also attempted to appeal to Republicans and independents.
Voters over 55 made up the plurality of those who have voted early so far, with a combined 41% of those who cast ballots either qualifying as a Baby Boomer or a member of the “Greatest Generation” and “Silent Generation” — as defined by the Pew Research Center. “Generation X” — those aged 39 to 54 — made up 24% of early voters.
Younger voters, including “Millennials” and “Generation Z” — those aged 18-38, accounted for the remaining 34% of voters.
amNewYork’s findings would seem to confirm data analysis in a Gothamist report on Monday, which found that most of the early voters during the weekend were skewing older.
On Tuesday, Cuomo said he was encouraged by the early turnout of older voters. “I think as long as the voters are smart, I’m in very good shape,” he said during an event where he received the endorsement of former Gov. David Paterson.
Turnout will be the ultimate factor in the mayor’s race. Mamdani has consistently led in the polls, but the race has tightened as Election Day, Nov. 4, draws nearer.
The Mamdani campaign has boasted of having more than 85,000 volunteers, and indicated it is using the entire operation to get out the vote through Election Day. The candidate said he remains “confident in our campaign.”
Across the five boroughs, Brooklyn leads in the number of early votes cast so far with 67,608. Manhattan comes second with 67,075, then Queens with 52,062, the Bronx with 19,094, and Staten Island with 17,059.
Early voting continues through Sunday, Nov. 2, at select sites across the five boroughs. Regular polling sites are open on Election Day, Nov. 4, from 6 a.m. to 9 p.m. To find your early voting site or regular polling place, visit vote.nyc.
Federal Reserve Chair Jerome Powell set a high bar for additional interest-rate hikes, economists said Sunday in their commentary on all the talk at the U.S. central bank’s summer retreat in Jackson Hole, Wyo.
Michael Feroli, chief U.S. economist for JPMorgan Chase, said that the Fed chair certainly did not give a clear signal that more tightening was coming soon. He noted that Powell stressed the Fed would “proceed carefully” and balance the risks of tightening too much or too little.
“We remain comfortable in our view that the FOMC will stay on hold for the next several meetings,” Feroli said.
The caveat to this forecast is if inflation surprises to the upside or the labor market does not continue to soften.
Ian Shepherdson, chief economist at Pantheon, said that Powell’s speech seemed hawkish to some, particularly because the Fed chair made threats to hike again.
But Shepherdson said he thought the Fed “is likely done.”
“Behind the caveats, Mr. Powell’s speech fundamentally was optimistic, though cautious,” Shepherdson said.
Boston Fed President Susan Collins also emphasized patience in an interview with MarketWatch on the sidelines of the Jackson Hole summit.
Other regional Fed officials who spoke “hinted that further action may be needed, but also observed that inflation is moving in the right direction and that the surge in yields would help cool down the economy,” said Krishna Guha, vice chairman of Evercore ISI, in a note to clients.
Traders in derivative markets expect a rate hike in November, but it is a close call, with the odds just above 50%.
The first test of the careful and patient Fed will come this coming Friday, when the government will release the August employment report.
Economists surveyed by the Wall Street Journal expect the U.S. economy added 165,000 jobs in the month. That would be the weakest job growth since December 2020.
In his speech on Friday, Powell emphasized that evidence that the labor market was not softening could “call for a monetary policy response.”
Economists at Deutsche Bank think an upside surprise in the employment data could provide enough discomfort for the Fed, and raise expectations for further tightening.
Guha of Evercore said he detected a careful effort by the officials not to surprise markets.
The exception to this rule might have been Bundesbank President Joachim Nagel, who said in a television interview that it was too early for the ECB to think about a rate-hike pause.
BoE’s Bailey says agrees with Hunt on need to fix finances
Some Conservative lawmakers say Truss will be ousted
LONDON, Oct 15 (Reuters) – Britain’s new finance minister Jeremy Hunt said on Saturday some taxes would go up and tough spending decisions were needed, saying Prime Minister Liz Truss had made mistakes as she battles to keep her job just over a month into her term.
In an attempt to appease financial markets that have been in turmoil for three weeks, Truss fired Kwasi Kwarteng as her chancellor of the exchequer on Friday and scrapped parts of their controversial economic package.
With opinion poll ratings dire for both the ruling Conservative Party and the prime minister personally, and many of her own lawmakers asking, not if, but how Truss should be removed, Truss is relying on Hunt to help salvage her premiership less than 40 days after taking office.
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In an article for the Sun newspaper published late on Saturday, Truss admitted the plans had gone “further and faster than the markets were expecting”.
“I’ve listened, I get it,” she wrote. “We cannot pave the way to a low-tax, high-growth economy without maintaining the confidence of the markets in our commitment to sound money.”
She said Hunt would lay out at the end of the month the plan to get national debt down “over the medium term”.
But, the speculation about her future shows no sign of diminishing, with Sunday’s newspapers rife with stories that allies of Rishi Sunak, another former finance minister who she beat to become leader last month, were plotting to force her out within weeks.
On a tour of TV and radio studios, Hunt gave a blunt assessment of the situation the country faced, saying Truss and Kwarteng had made mistakes and further changes to her plans were possible.
“We will have some very difficult decisions ahead,” he said.”The thing that people want, the markets want, the country needs now, is stability.”
The Sunday Times said Hunt would rip up more of Truss’s original package by delaying a planned cut to the basic rate of income tax as part of a desperate bid to balance the books.
According to the newspaper, Britain’s independent fiscal watchdog had said in a draft forecast there could be a 72 billion pound ($80 billion) black hole in public finances by 2027/28, worse than economists had forecast.
Truss had won the leadership contest to replace Boris Johnson on a platform of big tax cuts to stimulate growth, which Kwarteng duly announced last month. But the absence of any details of how the cuts would be funded sent the markets into meltdown.
She has already ditched plans to cut tax for high earners, and said a levy on business would increase, abandoning her proposal to keep it at current levels. But a slump in bond prices after her news conference on Friday still suggested she had not gone far enough.
‘MEETING OF MINDS’
Kwarteng’s Sept. 23 fiscal statement prompted a backlash in financial markets that was so ferocious the Bank of England (BoE) had to intervene to prevent pension funds being caught up in the chaos as borrowing costs surged.
British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal/Pool via REUTERS
BoE Governor Andrew Bailey said he had spoken to Hunt and they had agreed on the need to repair the public finances.
“There was a very clear and immediate meeting of minds between us about the importance of fiscal sustainability and the importance of taking measures to do that,” Bailey said in Washington on Saturday. “Of course, there was an important measure taken yesterday.”
He also warned that inflation pressures might require a bigger interest rate rise than previously thought due to the government’s huge energy subsidies for homes and businesses, and its tax cut plans.
Hunt is due to announce the government’s medium-term budget plans on Oct. 31, in what will be a key test of its ability to show it can restore its economic policy credibility.
He cautioned spending would not rise by as much as people would like and all government departments were going to have to find more efficiencies than they were planning.
“Some taxes will not be cut as quickly as people want, and some taxes will go up. So it’s going to be difficult,” he said. He met Treasury officials on Saturday and will hold talks with Truss on Sunday to go through the plans.
‘MISTAKES MADE’
Hunt, an experienced minister and viewed by many in his party as a safe pair of hands, said he agreed with Truss’s fundamental strategy of kickstarting economic growth, but he added that their approach had not worked.
“There were some mistakes made in the last few weeks. That’s why I’m sitting here. It was a mistake to cut the top rate of tax at a period when we’re asking everyone to make sacrifices,” he said.
It was also a mistake, Hunt said, to “fly blind” and produce the tax plans without allowing the independent fiscal watchdog, the Office for Budget Responsibility, to check the figures.
The fact that Hunt is Britain’s fourth finance minister in four months is testament to a political crisis that has gripped Britain since Johnson was ousted following a series of scandals.
Hunt said Truss should be judged at an election and on her performance over the next 18 months – not the last 18 days.
However, she might not get that chance. During the leadership contest, Truss won support from less than a third of Conservative lawmakers and has appointed her backers since taking office – alienating those who supported her rivals.
The appointment of Hunt, who ran to be leader himself and then backed Sunak, has been seen as a sign of her reaching out, but the move did little to placate some of her party critics.
“It’s over for her,” one Conservative lawmaker told Reuters after Friday’s events.
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Reporting by Michael Holden, Alistair Smout and William Schomberg
Editing by Emelia Sithole-Matarise, Helen Popper, Ros Russell and Diane Craft
Harvey Blackwood survey reveals possible outcomes of Brexit negotiations.
Press Release –
updated: Oct 31, 2017
SHANGHAI, October 31, 2017 (Newswire.com)
– The probability of a messy Brexit has increased but is not enough to prevent the Bank of England from hiking rates for the first time in 10 years. According to a survey by Shanghai, China- based wealth management firm, Harvey Blackwood, economists believe that a rate increase would be a grave mistake.
According to economists, there is now a 30 percent chance that the UK will exit the EU without any trade deal when negotiations spanning two-years reach their conclusion in March of 2019. This figure is up 5 percent from a survey of economists conducted by Harvey Blackwood in September.
Economists at Harvey Blackwood believe that it is in the interests of all parties to come to an agreement regarding the terms of Brexit by 2019.
Theresa May, Britain’s Prime Minister, gained some traction last week when EU officials indicated that they were ready to push forward with discussion in the coming months.
According to the vast majority of economists surveyed by Harvey Blackwood, the most probable result of the Brexit negotiations is still a free trade agreement with a possible transitional deal.
If this is not the case, economists believe the second option is that Britain will likely depart without a deal and will revert back to trading under the basic rules of the World Trade Organization.
The third option would be that Britain would pay a fee to continue to enjoy unrestricted access to the European Union’s single market but would have no right to contribute to its structural policies.
The most unlikely option was that the UK would change its choice to depart from the European Union.
Press Contact: Asia News 247 – 76, Lane 478 Lujiabang Road, Shanghai, China. info@asianews247.com
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