The year 2023 opens with slightly better — though not good — assessments of the nation than we saw last year, tempered by pessimism about plenty of issues. More say things in the country are going well than said so at the start of 2022. Ratings on today’s economy aren’t […] Read more »
Americans Largely Pessimistic About U.S. Prospects in 2023
Coming off several challenging years, Americans enter 2023 with a mostly gloomy outlook for the U.S. as majorities predict negative conditions in 12 of 13 economic, political, societal and international arenas. When offered opposing outcomes on each issue, about eight in 10 U.S. adults think 2023 will be a year […] Read more »
Inflation Expectations Decline Across All Horizons; Income and Labor Market Expectations Strengthen
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the November 2022 Survey of Consumer Expectations, which shows that inflation expectations decreased in November at the short, medium, and longer terms. Home price growth expectations continued to decline. Labor market expectations strengthened, while household income growth […] Read more »
Americans support Inflation Reduction Act measures
A recent Reuters/Ipsos poll finds Americans are only moderately familiar (41%) with the “Inflation Reduction Act”, bill which has since been passed in the Senate. … When it comes to specific provisions in the law, Americans are most supportive of allowing Medicare to negotiate drug prices with pharmaceutical companies (71%), […] Read more »
Will improving economic news be enough to help the incumbent party in November?
Every election cycle since the phrase was popularized in the 1992 presidential campaign, voters are reminded by politicians and pundits alike that elections almost always come down to one simple concept: “It’s the economy, stupid.” The 2022 midterm cycle has not parted from that tradition. But as the fall approaches […] Read more »
Economic Optimism Crashes To 10-Year Low As Inflation Surges, S&P 500 Dives
Americans are more pessimistic about the U.S. economy than they’ve been in more than a decade, as inflation cancels out wage gains and the S&P 500 slides into bear market territory, the June IBD/TIPP Poll finds. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, sank 3.1 […] Read more »