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Friday, Dec 1, 2023

Most Americans don’t expect the economy to improve soon, poll finds

Most Americans see little hope that the economy will improve in the next six months, and many also are decidedly pessimistic about the direction of oil prices and inflation, according to a new Los Angeles Times/Bloomberg poll. The views on inflation could become troublesome for the Federal Reserve: If more Americans believe that inflation will worsen there is a risk of those expectations becoming self-fulfilling. The nationwide telephone poll of 2,208 adults, conducted May 1 to 8, found that just 19% of all respondents expected the economy to be in better shape in six months, while 37% expected it to be worse and 40% expected it to be about the same. For the full story visit http://www.latimes.com/business/la-fi-poll14-2008may14,0,2716686.story

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