Americans harbor some of the most downbeat views on the economy since the recovery from the Great Recession, and some of their attitudes are in line with those seen only during recessions, according to the latest CNBC All-America Economic Survey. Amid soaring inflation, 47% of the public say the economy […] Read more »
Economic Pessimism Loosens Grip, Despite High Inflation
Americans’ dour economic mood in the face of the high inflation rate may be beginning to thaw, the April IBD/TIPP Poll finds. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 45.5, bouncing from March’s eight-year low to the highest level of 2022. […] Read more »
A recession would only deepen Democratic woes
As awful as the last 15 months have been for Democrats since they completed the electoral trifecta of winning control of the White House, the House, and the Senate, there is a strong chance that things get a lot worse. Last summer it was Afghanistan that began to weigh down […] Read more »
Biden Approval Rating Shows Signs Of Life — But Not Among Independents
President Joe Biden’s approval rating has continued to surface after plunging to deeply unpopular levels early this year, the April IBD/TIPP Poll finds. But the recovery has been one-dimensional — almost entirely among Democrats — as rampant inflation causes widespread financial stress among American households. … With Covid remaining under […] Read more »
Inflation Expectations Reach New High for the Short Term, Ease for the Medium Term
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 […] Read more »
Half of Americans report gas prices causing financial hardship
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 […] Read more »