President Donald Trump should be happy about these poll results about the economy he vowed to fix.
A new Gallup poll, released Monday, found that most Americans have high expectations about the economy for the next six months despite other polls showing high disapproval ratings on the economy. The new poll showed that more Americans are positive than negative about the future of the stock market and economic growth.
Half of Americans said they expect the stock market to go up in the next six months, while 25% said it will go down.
Gallup explained that “Americans’ positive predictions for the stock market plummeted amid turbulence in the global markets as Trump’s tariff policies took effect” in April. Gallup noted that Americans’ expectations for a higher stock market dropped from 61% in January to 29% in April.
Now, positive expectations for the stock market are up by 21 percentage points compared to April.
Similarly, 49% of Americans expect to see economic growth increase while 36% expect it to decrease, according to the poll. According to Gallup, this is a sharp increase from the 38% who reported optimism about future economic growth in April.
Americans were more divided when asked about interest rates, with 41% expecting interest rates to drop and 36% expecting rates to increase. Trump has repeatedly urged Federal Reserve Chairman Jerome Powell to drop the interest rates, but the Fed has kept rates fairly steady amid economic uncertainty.
Voters were more pessimistic about unemployment and inflation, with 62% predicting higher inflation and 50% predicting higher unemployment over the next six months.
Gallup noted that outlooks on inflation and unemployment vary by political affiliation, Republicans are more optimistic, with about six in 10 believing inflation and unemployment will drop. Democrats are more pessimistic, with 86% expecting inflation to rise and 71% expecting unemployment to increase.e.
The poll was conducted among 1,000 U.S. adults between Jan. 2-17. It has a margin of error of plus or minus 4 percentage points at the 95% confidence interval.
The poll comes after a Quinnipiac University survey, released last week, found that Trump has just a 39% approval rating on the economy. This echoed other recent poll findings that show voters do not believe Trump is doing enough to address the cost of living in the U.S.