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Confidence Crashes as Prices Soar | Global News

Confidence Crashes as Prices Soar | Global News

Published 2 weeks, 3 days ago
Description

American confidence in the economy just took another hit as soaring gas prices—driven by the Iran situation—squeeze wallets and sour outlooks. The consumer confidence index hit its lowest in seven months, with people feeling okay now but anxious about tomorrow. This economic frustration could seriously hurt Trump and Republicans in the upcoming midterms. Despite blaming his predecessor for high prices, inflation has actually risen since he took office, and the job market just got worse—with employers cutting jobs and revising previous data downward. Confidence’s down, prices are up, and jobs are shaky.

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