Tag: Trumponomics
U.S. Economic Growth Weaker Than Expected
1.4%
U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending, AP reported. The nation’s gross domestic product — the total output of goods and services — increased at a 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4% in the July-September quarter and 3.8% in the quarter before that.
January Was Worst Month for Layoffs Since 2009
108,435
Employers laid off 108,435 people last month, the highest January number since 2009, according to a new report from Challenger, Gray & Christmas. At the same time, hiring intentions haven’t been lower since then.
Trump’s Approval Down to 37%
37%
A new Quinnipiac poll finds just 37% of voters approve of the way Donald Trump is handling his job as president, while 56% disapprove. On Trump’s handling of the economy, just 39% of voters approve, while 56% disapprove. On Trump’s handling of immigration issues, just 38% of voters approve, while 59% disapprove.
Consumer Confidence Is in the Toilet
84.5
The Conference Board Consumer Confidence Index® fell by 9.7 points in January to 84.5 (1985=100), from an upwardly revised 94.2 in December. A 5.1-point upward revision to December’s reading of the Index resulted in a slight increase last month, reversing the initially reported decline. However, January’s preliminary results showed confidence resumed declining after a one-month uptick. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—dropped by 9.9 points to 113.7 in January. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell by 9.5 points to 65.1, well below the threshold of 80 that usually signals a recession ahead. The cutoff for preliminary results was January 16, 2026.
Trump Approval on Economy Gets Hammered
37%
A new CBS News/YouGov poll finds more than 61% of people say President Trump is making prices and inflation sound far more rosy than they actually are, with a further 45% saying they expect his policies to leave them financially worse off in 2026. Trump’s overall approval on the economy is just 37%.
Majority Are Having Challenges Buying Groceries
53%
A new NBC News Decision Desk survey shows that 53% of adults have changed their grocery-buying habits to stay within budget, while 55% have cut back on entertainment and “extras” so that they can afford life’s necessities.
Trump’s War on the Federal Reserve Could Be His Most Damaging Economic Policy
“There are many items on President Trump’s agenda that are hurting the U.S. economy: the pointless trade wars, the socialization of the private sector, the mass deportations, and much more. … But in the long run, the most damaging policy of all might be one that’s gotten scant attention, at least from non-finance-nerds: Trump’s quest to crush the Federal Reserve. If Trump succeeds, he may doom the United States to high inflation for years, if not decades, to come.”
— Catherine Rampell
Trump’s Approval on Economy Slumps
31%
A new AP-NORC poll finds just 31% of U.S. adults now approve of how President Trump is handling the economy. That is down from 40% in March and marks the lowest economic approval he’s registered in an AP-NORC poll in his first or second term. Overall, 36% of Americans approve of the way he’s handling his job as president, which is down slightly from 42% in March.
It’s the Inflation, Stupid!
A new CBS News poll finds 68% disapprove of President Trump’s handling of inflation and the economy.
The entire poll is brutal:
- 58% say prices have been going up in last few weeks.
- 65% say Trump’s policies are making grocery prices go up.
- 77% of those judging Trump most on economy and inflation say he’s not spending enough time on it.
- 64% disapprove of his handling of economy.
