Americans are feeling optimistic that the stock market will rise and that the economy will grow, according to a Gallup poll taken in the weeks just before President Trump’s inauguration.
Sixty-one percent of those polled predicted the stock market would rise in “the next six months,” with just 18 percent predicting a drop in the markets.
The poll also found that 53 percent expect “economic growth” in the next six months, compared to 29 percent who think growth will fall.
A recent The New York Times and Ipsos poll found that 45 percent of respondents said Trump’s policies “will help the national economy,” while 39 percent said the opposite.
During the 2024 presidential campaign, former President Biden’s administration was often blamed by Trump for high grocery prices, with price increases for bacon, cereal, crackers and other items being slammed by the president on the campaign trail.
However, Trump in an interview from December said he didn’t think his presidency would be a failure if food prices don’t drop.
“I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will. I think that energy is going to bring them down. I think a better supply chain is going to bring them down,” Trump said.
The Gallup poll found that a rise in inflation was predicted by 52 percent when it comes to the next six months. A drop in inflation was predicted by 33 percent.
The Gallup poll took place between Jan. 2 and 15 and featured 1,005 people, as well as a plus or minus 4 percentage points margin of sampling error.
