Inflation Expectations Reach New High for the Short Term, Ease for the Medium Term

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Median one-year-ahead inflation expectations increased again in March, climbing from 6.0 percent in February to a new series high of 6.6 percent. At the three-year horizon, median inflation expectations ticked down to 3.7 percent from 3.8 percent, a decrease driven by respondents with no college education and with annual household incomes under $50,000. CONTINUED

Federal Reserve Bank of New York

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Climate Change Proposals Favored by Solid Majorities in U.S.

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Americans widely favor each of six proposals designed to limit greenhouse gas emissions that contribute to climate change. Support ranges from 59% in favor of spending federal money for building more electric vehicle charging stations in the U.S. up to 89% for providing tax credits to Americans who install clean energy systems in their homes. CONTINUED

Jeffrey M. Jones, Gallup

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Half of Americans report gas prices causing financial hardship

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A new ABC News/Ipsos poll finds that half of Americans are experiencing financial hardship due to high gas prices, with one in five reporting “serious” difficulties. Americans blame lots of actors for the current prices including Russian President Putin, oil companies, and President Biden and the Democrats. These pressures potentially explain President Biden’s continued low marks on handling inflation, gas prices, and the economic recovery, even as the public is giving Biden better marks on the pandemic. CONTINUED

Chris Jackson & Mallory Newall, Ipsos

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As Democrats point to strong economy, consumers see inflation

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As Democrats look ahead to November, they see a lot of reasons for worry, but the economy tops their concerns. The way voters feel about their elected representatives is often directly tied to how they feel about their bank accounts — and right now Americans are not feeling good about where the economy is and where they think it’s headed.

Whether those negative feelings are justified depends on where and how you look at the data. The nation’s economic picture in the spring of 2022 is complicated, but the nation’s mood about it is not. Voters are not happy. CONTINUED

Dante Chinni, NBC News

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In economic views, inflation outweighs jobs

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This week’s positive jobs report and the stronger employment rate aren’t entirely lost on Americans — just outweighed when they rate the economy.

Many do say the job market is good and that jobs have increased over the last year – but it’s still inflation driving views, and even those who say the job market is ok still don’t rate the economy well. Americans are basing this on personal experience: two-thirds say higher prices have been difficult or even a hardship, and now forcing many to make cutbacks.

And while the White House has often stressed the jobs number, people’s focus on prices continues to bring negative ratings for both the economy and the president’s handling of it. CONTINUED

Jennifer De Pinto, Fred Backus & Anthony Salvanto, CBS News

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War in Ukraine: What should the U.S. do now?

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There’s strong support for sending Ukraine more weapons to help in their fight, and increased sanctions against Russia find favor, too, as Americans watch continued horrors of the war unfold.

And while few back direct U.S. military action in Ukraine right now, Americans do have a “red line” that could change that: Russian use of chemical or nuclear weapons or an attack into NATO territory would spur a big majority backing for U.S. military action in response. CONTINUED

Anthony Salvanto, Fred Backus & Jennifer De Pinto, CBS News

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