Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Netanyahu: If Lebanese Army takes steps to disarm Hezbollah, Israel will engage in reciprocal measures, including phased reduction of Israeli military presence in Lebanon
Al Mayadeen's correspondent: Photojournalist Houssam Al-Masri martyred, reporters Hatem Omar, Mohammad Ashraf Salameh injured in Israeli strike on Nasser Medical Complex.
Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace

Polls show confidence in US economy dropping

  • By Al Mayadeen net
  • Source: Agencies
  • 6 May 2022 16:04
  • 1 Shares
3 Min Read

New polls indicate that Americans are having increasingly negative views of the US economy.

  • x
  • Polls show confidence in US economy dropping
    Polls show confidence in US economy dropping (Getty Images)

55% of Americans believe President Joe Biden's actions have worsened the economy, according to CNN.

Chairman of the Federal Reserve Jerome Powell stated Wednesday that he believes "we have a good chance to have a soft or softish landing."

Read more: Fed hikes interest rate to highest since 2000
 

Fearing another economic slump, many Americans are reorganizing their budgets to accommodate the growing cost of basics such as housing.

According to Freddie Mac's Thursday release, the average rate on a 30-year fixed-rate mortgage has reached 5.27 percent. This is an increase of more than two points over the previous year.

A 15-year fixed-rate mortgage averaged 4.52 percent, roughly two points more than the previous year's average.

Related News

Valery Zaluzhny: From Ukraine top general to presidential prospect

FP: Why the Global South won't pick sides in US-China rivalry

The rising rates come as a new Gallup survey indicates that just 30% of respondents believe this is a good time to purchase a house, the lowest level since Gallup began asking about the topic in 1978.

Despite the fact that corporate and consumer spending increased during the first quarter of the year, according to Commerce Department data, Americans' confidence in the economy is dwindling as they lose purchasing power due to 40-year-high inflation.

According to a CNN poll done by SSRS, 77 percent of respondents evaluated the country's economic situation as "somewhat poor" or "very poor," which is 14 points more than when the question was asked in mid-December.

According to the research, 63% are modifying how they grocery shop to stay within their budget, and 54% are drastically reducing how much they drive.

To reduce inflation, one of the Biden administration's key priorities has been to reduce interruptions in the nation's supply chains through moves such as lowering transportation rules. According to the president, there is now 35,000 more transportation employment than there were before the outbreak.

Despite these efforts, the poll finds that 73 percent of Americans believe the government is doing too little, 24 percent believe it is doing enough, and 3 percent believe it is doing too much.

Powell is urging Americans to consider the larger picture of what it will take to stabilize the economy.

According to him, "It's not going to be easy and it may well depend of course on events that are not under our control."

  • United States
  • economy
  • Wall Street
  • US economy

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Displaced Palestinians walk through a makeshift camp along the beach in Gaza City, Sunday, Aug. 10, 2025 (AP)

Hamas, other factions accept Egypt-Qatar ceasefire proposal: Exclusive

  • Politics
  • 18 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS