bank failures in its history, for Silicon Valley Bank and Signature Bank. also recently experienced two of the largest U.S. companies have in recent months announced plans to cut their workforces. The job market remains strong, with unemployment at 3.5%. The Federal Reserve has continued to raise interest rates in an attempt to slow inflation. Today, both gas prices and inflation remain elevated, though they are lower than a year ago. It fell to as low as -58 last June amid record-high gas prices and inflation. The Economic Confidence Index has been mostly in negative territory during Biden’s presidency, except for registering +2 in April 2021 and +1 in June 2021. Meanwhile, 19% say the economy is getting better and 75% worse, compared with ratings of 23% and 72%, respectively, in March. In the new survey, 16% rate the economy as excellent or good, 37% say it is “only fair” and 47% poor (up from 43% in March). Gallup’s Economic Confidence Index summarizes Americans’ ratings of current economic conditions and their perceptions of whether the economy is getting better or worse.
0 Comments
Leave a Reply. |