U.S. consumer sentiment hits record low ahead of midterms despite 3.8% GDP growth
Briefing by News4U · First published
CBC World reports that American voters go to the polls this week amid record-low consumer sentiment, with 74 per cent saying the government is doing a bad job managing the economy, even though GDP grew 3.8 per cent from July to September and the economy is the fastest-growing in the Western world. Economists attribute the pessimism to tariffs and the war with Iran, which have pushed inflation to 3.7 per cent and raised gasoline prices; the New York Fed estimates tariffs added 2.9 percentage points to goods price inflation by February 2026. [1]
Sources
- Economic frustration set to boil over in midterm elections
CBC World · · Excerpt