Gallup's first poll since the Republican sweep of the 2024 election found Americans are more confident about the economy.
The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world's second largest economy. Biden administration officials looked at removing Trump's tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly.
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending.
Newly released consumer data showed that Americans are feeling better about the economy. Data published by the non-profit "The Conference Board" showed that the consumer confidence index continues to rise.
U.S. trading partners are better equipped now to deal with President-elect Donald's tariff threats than they were during his first administration, according to experts.
Americans’ confidence in the economy improved after Republicans won big in the 2024 election earlier this month, a new survey found. The Gallup poll, released Tuesday, shows that Americans rank their confidence in the economy as -17,
The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about falling interest rates and the prospect of a pro-business Trump administration,
In a more extreme scenario, in which the Trump administration deported 8.3 million undocumented immigrants, the economic outlook would be even worse. Compared to the baseline forecast, GDP would plummet by 7.4 percent by 2028, while employment would drop by 6.7 percent.
There’s a pretty simple way to explain most of what happened in the 2024 presidential election.
House Minority Leader Hakeem Jeffries (D-NY) said the economy, not racism or misogyny, was the deciding factor in Donald Trump's electoral victory.
The shift in expectations about the economy’s future was driven by Republicans getting happier as Democrats turned sour.
From trade policies and tariffs to environmental regulations and workforce, experts are keeping a close eye on the upcoming presidency and how it may affect the North Star State