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US voters are exhausted by years of higher prices. With the midterm elections fast approaching, here’s what the data shows us about Trump’s second term so far. 🧵

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US voters are exhausted by years of higher prices. With the midterm elections fast approaching, here’s what the data shows us about Trump’s second term so far. 🧵

View full thread

When Trump entered office in January 2025, the Fed was in the middle of a series of interest rate reductions which paused and then continued in fall 2025. As the economic impacts of the war of Iran bore out, the Fed hiked rates for the first time since 2023 in September 2026, by a quarter point.

These fluctuations have a concrete impact on the lives of Americans. Inflation, especially gas prices, has soared over the last year. The job market has been in stasis, and higher interest rates have meant it’s more expensive for Americans to borrow money for loans and mortgages.

theguardian.com‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so farAs the US midterm elections approach, we take a look at data to see a true picture of the US economy under Trump

US voters are exhausted by years of higher prices. With the midterm elections fast approaching, here’s what the data shows us about Trump’s second term so far. 🧵

View full thread

The labor market is another metric used to measure the health of the economy. In 2025, altogether 181,000 new jobs were added in the US, compared with 2.2m jobs in 2024.

Though many Americans report struggling in today’s economy, a small group have never been wealthier. The stock market has continued to soar since Trump took office, recovering from dips seen during his initial tariff announcement and the early days of the Iran war.

US voters are exhausted by years of higher prices. With the midterm elections fast approaching, here’s what the data shows us about Trump’s second term so far. 🧵

It’s been nearly six years since Americans have seen inflation at a manageable 2% level. Price increases build up over time and can put a squeeze on budgets, which is why it’s such a sensitive point for voters during a crucial election.

In the Guardian’s recent poll with the Harris Poll, gas prices were the most common pain point for Americans, with 83% saying they are making a dent in their current finances.