
Jim Bianco|Apr 25, 2025 14:57
Following on the repost ...
Fox published a poll earlier this week, accompanied by this graphic and comment.
Main Street hears the word "tariff" and thinks inflation.
Wall Street hears the word "tariff" and thinks recession and bear market.
The Fed is sliding with Main Street and not cutting. I think they have it right.
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Fox:
Nearly three-quarters (72%) believe tariffs will drive up the cost of products, including majorities of Democrats (88%), independents (76%) and Republicans (55%). A record 55% think tariffs hurt the economy and a plurality say they hurt U.S. jobs (44% hurt vs. 36% help). Two-thirds worry a trade war with China could escalate into a military confrontation.
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