11 Hrs
Source:
الاقتصادية
Source: الاقتصادية
11 Hrsالاقتصادية
Source: الاقتصادية
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Pessimism about the economy is widespread among Americans ahead of the midterm elections, with the cost of living and inflation topping voters’ concerns—even though unemployment stood at 4.2% and the economy grew at an annualized rate of 3.4% in the previous quarter. Inflation remained above the Federal Reserve’s 2% target, while consumer prices and wages had risen by about 5.5% since January 2025. Higher fuel prices linked to the war with Iran, tariffs, and demand for AI have all added to price pressures. Borrowing costs have also climbed, with 30-year mortgage rates exceeding 7%, making housing even less affordable. By contrast, a strong labor market and stock-market gains are supporting growth and spending.
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