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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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President Biden could receive a polling boost in the coming weeks as confidence across a range of economic measures ticks up. According to 538, Biden's approval rating (39.1%) remains near lows of his presidency.
- Axios notes three strengthening measures: “The S&P 500 and Dow industrials set new highs… Strongest consumer sentiment in years: A University of Michigan index that tracks consumer sentiment has surged more than 28% since November… [and] Economists say high inflation has mostly been vanquished.”
- However, Axios cautions that increasing partisanship may continue to bolster negative sentiment towards Biden: “Your perception of the economy used to influence your political leanings. Nowadays, Americans' political leanings determine how they perceive the economy.”
- Former Obama advisor David Axelrod, said in an interview: "Voter sentiment generally lags economic statistics. There are still 10 months until the election. Attitudes on the economy may yet shift in Biden's direction by the time Americans cast their ballots…"
- Joanne W. Hsu, director of the University of Michigan's consumer surveys: “We’re seeing a continuation of the surge in sentiment we saw at the end of last year. If anyone was wondering, ‘Was December a fluke?,’ it is absolutely clear now that it wasn’t. This is a sign that consumers are feeling better. Their confidence has come back.”
Figure 1: President Biden Approval Rating
Source: 538/ABC News
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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