Big Majority Says Trump Has Set the Economy on Course for Recession

69%

A new CNN poll finds a 59% majority of the public now says President Trump’s policies have worsened economic conditions and a 55% majority say that Trump’s tariffs have been bad policy. Overall, 69% of the public considers an economic recession in the next year to be at least somewhat likely, including 32% who say that’s very likely.

Consumer Sentiment Hits Two-Year High

72.6

“U.S. consumer sentiment soared in early July to an almost two-year high, bolstered by easing inflation and a strong labor market,” Bloomberg reports. “The University of Michigan preliminary index rose by 8.2 points to 72.6, the highest since September 2021. The reading topped all forecasts in a Bloomberg survey of economists, and the monthly advance was the largest since 2006.”