Biden Vs. Trump: Incumbent Fails To Win Voter Confidence To Steer Economy As New Poll Identifies Inflation As Major Pushback
Portfolio Pulse from Shanthi Rexaline
A new poll shows declining approval for President Biden's economic policies, with inflation being a major concern among voters. Approval of Biden's handling of the economy dropped to 39%, with 68% disapproving. Economic issues, particularly inflation, are key voter concerns for the next presidential election. Inflation rates remain above the Federal Reserve's 2% target, challenging hopes for reversed rate hikes. Former President Trump is preferred over Biden in handling the economy, with 43% trust compared to Biden's 35%. The iShares TIPS Bond ETF (TIP) is mentioned with a slight increase in its last trade.
May 13, 2024 | 2:07 pm
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The iShares TIPS Bond ETF (TIP) saw a slight increase, last trading up 0.16% at $106.21. This ETF, which tracks inflation-protected U.S. Treasury bonds, may see heightened interest amid ongoing concerns over inflation and its impact on the economy.
Given the article's focus on inflation concerns and the direct mention of TIP's recent performance, it's likely that investor interest in inflation-protected assets like TIP could increase in the short term. The ETF's relevance to the article's theme of inflation and its recent positive performance suggest a potential short-term uptick in investor interest and possibly its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80