"Case in point: Ina new CBS News/YouGov poll, 61% of U.S. adultssay President Trump makes prices and inflation sound better than they really are. Trump's approval rating on the economy sat at 37%, just one point higher than a month earlier,in the poll of 2,300 adults. Respondents were more than twice as likely to say Trump's policies, notformer President Biden's, are responsible for the economy."
"Reality check: The Consumer Price Index signaled easing inflation in November. From September to November, the index for food prices ticked up slightly, by 0.1% - which Axios' Courtenay Brown reports also depicts a notable cooling in grocery price pressures. As food prices climbed, the administration rolled back tariffs last month on key grocery items, like coffee, beef and tropical fruit in a retreat from its signaturetrade policy."
"Zoom out: The skepticism isn't just in polls. The Financial Times reported that Apollo CEO Marc Rowan - a onetime contender for Trump's Treasury job - has told investors the firm is cutting risk and piling up cash for "when something bad happens." What they're saying: "They've got empty rhetoric. We've got rhetoric with substance," National Economic Council director Kevin Hassett said on "Fox News Sunday." He predicted Americanswill "see it in their wallets. They're going to see it in their bills." Hassett pledged "huge tax refunds" for seniors and certain workers and "a big plan" on housing to come."
A CBS News/YouGov poll found 61% of U.S. adults say President Trump makes prices and inflation sound better than they really are, with his economic approval at 37%. Respondents were more likely to credit Trump's policies, not former President Biden's, for the economy. The Consumer Price Index showed easing inflation in November, while food prices rose 0.1% from September to November and grocery price pressures cooled. The administration rolled back tariffs on several grocery items. Financial leaders signaled caution by cutting risk and raising cash, and more people expect to be worse off financially in 2026.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]