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
Information Minister in Pakistani-administered Kashmir: Five civilians killed and at least 29 others injured in shelling across the border with India
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: So he [Trump] decided to cut off contact. That might still change, but that’s the situation right now
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: Trump’s circle told him [Dermer] that Netanyahu was manipulating him, and there’s nothing Trump hates more than being portrayed as someone being played
Senior Palestinian official to Al Mayadeen: Meetings between the Israelis, Egyptians, and Qataris are all centered around the Israeli proposal, which does not guarantee an end to the war [on Gaza]
Senior Palestinian official to Al Mayadeen: “Israel” is threatening to expand the ground offensive if Hamas rejects the proposal
Senior Palestinian official to Al Mayadeen: Hamas rejects the Israeli proposal, viewing it as failing to guarantee an end to the war
Senior Palestinian official to Al Mayadeen: “Israel” is sticking to its proposal, and insists there is no alternative offer on the table for negotiation
Senior Palestinian official to Al Mayadeen: The meetings between the Israelis and the Egyptians and Qataris all revolve around the Israeli proposal
The administration was clearly looking for an off-ramp for this campaign against Ansar Allah, NBC News reports, citing US official
Trump's operation against Ansar Allah cost more than $1 billion, NBC News reports, citing US official

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

Yemen rallies for Gaza, celebrating victory over US

China’s exports to US fall 17.6% March to April amid trade war

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

Pro-Palestinian protesters march toward the US Immigration and Customs Enforcement (ICE) headquarters, Saturday, April 5, 2025, in Washington (AP)

US House to vote on bill criminalizing boycott of 'Israel'

  • Politics
  • 3 May 2025
Throughout Operation Prosperity Guardian, current and former US military and intelligence officials expressed disquiet at the enormous “cost offset” involved in battling Ansar Allah. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

Ansar Allah triumphant: US facing Red Sea defeat again

  • Opinion
  • 3 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • Today

Coverage

All
Gaza prevails against genocide

Read Next

All
UN experts warn: Stop the genocide or witness Gaza's end
Politics

Stop the genocide or witness end of life in Gaza: UN experts warn

Israeli police attack mourners as they carry the casket of killed Al Jazeera veteran journalist Shireen Abu Akleh during her funeral in occupied al-Quds, Friday, May 13, 2022. (AP)
Politics

Israeli sniper who killed journalist Shireen Abu Akleh identified

The Department of Defense logo is seen on the wall in the Press Briefing room at the Pentagon, Oct. 29, 2024, in Washington. (AP)
Politics

Pentagon’s unused properties drain billions in taxpayer funds

Haaretz
Palestine

Israeli military avoids calling up unwilling reservists: Haaretz

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