The economy’s long, hot, and uncertain summer

Never mind the macro stats for the U.S. economy — Americans are hot, and very much still bothered by high prices, with recent reports about GDP growth, stock gains and a strong labor market apparently providing cold comfort. At least so far.

Instead, most describe the economy as “uncertain,” along with calling it bad, and “struggling” but not improved. …

Most tie both the U.S. economy and their own personal finances (whether bad or good) at least in part to President Biden’s policies — an important measure of both macro and micro connection — and also to that very immediate measure of prices. …

This also shows the challenge President Biden faces in his latest push to get the public to reconsider not just how they think of the economy, which few describe as “rebounding,” but also the meaning of the phrase his administration has coined, “Bidenomics.” CONTINUED

CBS News


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