Month: February 2025

Trump’s Honeymoon Is Ending — Approval/Favorability Already Underwater

Buck Banks

46%

A new Economist/YouGov Poll finds President Trump’s approval rating and personal popularity falling over the past two weeks. This week’s poll finds Americans are less likely to approve of Trump (46%) than to disapprove (48%), and less likely to view him favorably (46%) than unfavorably (52%).

Trumponomics: Inflation Is Rising

Buck Banks

3%

U.S. inflation rose to 3% in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts, reported the New York Times. The Consumer Price Index jumped more than expected, data from the Bureau of Labor Statistics showed on Wednesday, rising 0.5% from December in what was the fastest monthly increase since August 2023. Last month, the annual pace was 2.9%. “Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed little improvement. It rose 0.4% from December or 3.3% on a year-over-year basis, both higher than economists expected. The monthly increase in core prices was the highest since April 2023.

Musk Ain’t So Rich

Buck Banks

<$400 billion

“Elon Musk’s net worth fell below $400 billion for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price,” Bloomberg reports.“The automaker’s stock has fallen 27% after hitting an all-time high in mid-December on hopes that Musk’s proximity to President Donald Trump would boost the company’s fortunes. Tesla shares and options make up more than 60% of Musk’s wealth, which peaked at $486.4 billion on Dec. 17 in the wake of Trump’s election.”