CNBC Survey: 61% of Americans Pessimistic About Economy Today

The latest CNBC All-America Economic Survey indicates that 61% of Americans are pessimistic about the economy, the highest rate since December 2023. Only 25% express optimism, and 41% expect economic conditions to worsen. Additionally, 47% report cutting back on essential items due to higher prices, reflecting a six-point increase since April. President Donald Trump's approval rating remains low at 40%, with 60% disapproving of his economic handling, which could influence market sentiment ahead of midterm elections.