An increasing variety of Americans are unhappy with how President Biden is handling the economy in comparison with when the president first took office, based on a latest poll.
The ABC News/Washington Post poll released on Sunday shows 74% of Americans say the economy is in bad shape, up from 58% within the spring of 2021.
Because the U.S. Federal Reserve increases rates of interest to combat record-high inflation, 84% of respondents called the economy a top issue, while 74% said the identical for inflation going into the midterm elections in November.
Meanwhile, 62% say abortion is a top issue.
In line with the poll, Republicans hold a 16-point lead over Democrats in trust to handle the economy and a 19-point lead in trust to handle inflation.
Fears of a recession loom after the U.S. Federal Reserve last week raised rates of interest in a move to curb decades-high inflation.
Last week, the Fed lifted its benchmark rate, which affects many consumer and business loans, to a variety of three% to three.25%. It was near zero at first of the 12 months. The Fed also released a forecast suggesting its benchmark rate might be 4.4% by the 12 months’s end, a full point higher than envisioned in June.
An increasing variety of Americans are unhappy with how Joe President Biden is coping with the economy.Chris Kleponis – Pool via CNP /
On Monday, the average price for a gallon of standard gasoline within the U.S. climbed for the sixth-straight day to $3.725 after declining for nearly 100 days in a row throughout the summer driving season.
The Associated Press contributed to this report.