Americans are currently less optimistic than in prior months when it comes to the economy, as inflation has shown signs of persistence, making the chances of interest rate cuts this year slimmer.
That's why it doesn't come as a large surprise that a new Gallup poll shows confidence in the Joe Biden administration on this area has hit a historically low level. Figures regarding his presumptive rival in the November elections, Donald Trump, are higher, although they reflect a partisan divide.
