LOOK AHEAD: Friday Data Calendar: Personal Inc/Spend, Core PCE, UofM Sentiment

Republicans are less likely than Democrats to see inflation as a 'very serious' problem, according to a new YouGov Survey, with GOP voters registering a sharp decline in inflation concerns since August 2024.

• YouGov: “Republicans are much less likely than they were in August 2024 to see many of the problems asked about as very serious. 48% say inflation is a very serious problem, down from 89% who said this a year ago. They also are far less likely to see election fraud (33% vs. 59%) and unemployment (19% vs. 40%) as very serious problems now as they were a year ago.”
• YouGov continues: “For Democrats, it’s the opposite — they’re more likely than they were a year ago to perceive many issues as serious problems. They are more likely now than in August 2024 to describe as very serious problems inflation (71% vs. 45%), lack of public transportation (35% vs. 26%), and corruption (72% vs. 51%).”
• According to Silver Bulletin, inflation remains Trump's weakest issue with voters. Per SB's aggregated polling, Trump has a -25% net approval on inflation, compared with -15% on trade, -12% on the economy, and -3.5% on immigration.  

Figure 1: “How serious of a problem do you [Republicans] think the following are in the United States? (% who say "a very serious problem)”

Source: YouGov

RRP usage retreats to $28.574B this afternoon from $47.567B yesterday -- compares to $22.344B on Tuesday, Aug 19 - lowest since April 5, 2021. Total number of counterparties at 16. This year's high usage of $460.731B on June 30.

MNI interviews Conference Board senior economist on inflation, jobs outlook -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com