A new survey suggests that neither Harris nor Donald Trump have won over a majority of voters with their respective economic visions.
by Joe Lancaster
Reason.com
A new survey suggests that neither former President Donald Trump nor Vice President Kamala Harris has won over a majority of voters with their economic proposals. The results also suggest that most voters wish Harris would throw out her boss’s policies altogether.
An August poll by the Financial Times and the University of Michigan’s Ross School of Business gauged 1,001 registered voters’ feelings about the top two presidential candidates and their respective handling of the economy in the next term. Of the respondents, 45 percent identified as or “leaned” Democrat, while 41 percent identified as or “leaned” Republican.
The Financial Times led its coverage by noting that Harris had notched a noticeable improvement over President Joe Biden.
(Bloomberg) — Gold rose, closing in on a record again as traders assessed geopolitical developments while awaiting key U.S. economic data due later this week that may help determine the Federal Reserve’s interest-rate path.
Aug 12 (Reuters) – Gold prices rose by more than 1% on Monday to hit the highest since Aug. 2, driven by safe-haven inflows as traders awaited U.S. inflation data this week that could shed more light on the Federal Reserve’s interest rate cut path.
Jason Trennert, the CEO of Strategas Research Partners, warned Breitbart News Saturday of a possible “second wave of inflation” in 2025 unless former President Donald Trump is reelected.
Federal Reserve Governor Michelle Bowman said on Sunday that she still sees upside risks for inflation and continued strength in the labor market, highlighting the Fed may not be ready to cut rates when US central bankers next meet in September, per Bloomberg.
The markets might be panicking about last week’s jobs report but Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, certainly isn’t. In fact, he believes the labor market is healthy.
The national debt surpassed a mind-boggling $35 trillion last week — approximately $100,000 for every man, woman, and child living in the United States. This means a family of four’s share of public debt, ~$400,000, is likely more than they owe on the mortgage of their house. Runaway government spending is no surprise. What is surprising is that one bill passed a couple years ago may end up costing trillions, with a “t,” more than the public was told. That bill is the Inflation Reduction Act (IRA).
People are just trying to survive the food inflation at this point as consumers have continued to tighten their belts.
As the U.S. economy began recovering from coronavirus-related shortages and shutdowns, consumer prices surged faster than they had in more than four decades. Many Americans currently see inflation as one of the nation’s top problems.