Gallup's first poll since the Republican sweep of the 2024 election found Americans are more confident about the economy.
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.
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.
From enacting tariffs on foreign goods to slashing taxes for individuals and businesses, Trump’s economic populism is about to be put to the test.
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,
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,
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.
House Minority Leader Hakeem Jeffries (D-NY) said the economy, not racism or misogyny, was the deciding factor in Donald Trump's electoral victory.
There’s a pretty simple way to explain most of what happened in the 2024 presidential election.
The shift in expectations about the economy’s future was driven by Republicans getting happier as Democrats turned sour.
Nouriel Roubini — also known as "Dr. Doom" for his bombastic and frequently bearish takes on the economy — said he believes some of Trump's policies could raise prices and slow growth in the US. That could involve inflation rising as high as 5% in the coming years,