Americans’ Economic Confidence Mellows, Trump’s Job and Economic Ratings Dip

Our newest CNBC All-America Economic Survey finds a decline in President Trump’s job and economic ratings, with 37% of voters approving of the job he is doing as president (down three points from May) and 42% approving of the job he is doing handling the economy (down six points from May).

After nearly two years of strong optimism, Americans are exercising a bit more caution when it comes to their views of the economy—36% expect their wages to increase in the next year and 35% say that it is a good time to invest in the stock market (both down substantially from last quarter), while 75% expect the cost of living to increase in the next year. When it comes to interest rates, Americans largely want the president to stay out of the conversation—by two to one, Americans say the president should NOT try to influence how interest rates are set, with even much of President Trump’s base saying he should refrain from doing so. Moreover, Trump posts his lowest ratings to date on handling immigration, and he remains in deeply negative territory on his handling of the United States’s relationship with China.

Read more about the findings here.