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Americans are starting to feel better about their personal finances.
A new poll found that 31% of voters feel their finances are getting better while 31% also say their finances are getting worse.
This is a big increase from the last time the poll was taken when 41% said that their finances were getting worse
Following the announcement of the trade agreement with China, optimism about personal finances has soared to a four year high. A Napolitan News survey conducted Monday and Tuesday found that 31% of voters say their personal finances are getting better and 31% say worse.
That’s up significantly from two weeks ago when 25% said better and 36% said worse.
In our last survey before the 2024 presidential election just 25% said their personal finances were getting better, while 41% said worse.
Prior to this release, every survey since July 2021 has been net negative– more people saying their finances are getting worse than better.
April’s inflation numbers came in less than expected.
US inflation slowed to its lowest rate in more than four years, an unexpected and welcome development at a time when President Donald Trump’s dramatically escalated tariffs are expected to cause prices to rise.
Consumer prices rose 0.2% last month, bringing the annual inflation rate to 2.3%, an unexpectedly cooler reading than the 2.4% increase seen in March, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics.
It’s the lowest annual rate since February 2021, and the April data was slightly better than expected. Economists expected that the CPI would rise 0.3% from March and hold steady at 2.4% for the 12 months ended in April, according to FactSet.
Trump’s economic agenda is working!