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Trump's Economic Approval Rating Hits Record Low Amid Middle East Tensions, Republicans Worry About Midterm Prospects

Commodities Forex

2026-06-08 13:09:47

GAS3.13%

According to BlockBeats, on June 8, President Trump's approval rating on economic issues hit record low this term, weighed down by escalating Middle East tensions and resurging inflation pressures. Market analysts expect U.S. inflation could return to 4% for the first time since 2023 due to Iran conflict and supply chain strain. Former White House Chief of Staff Mick Mulvaney warned that if gasoline prices remain above $4 per gallon before Labor Day, Republicans face "major trouble" in midterm elections. Despite Treasury Secretary Bessent's optimism about energy price decline, Chief Economist Joseph Brusuelas cautioned that geopolitical risk premiums and damaged energy infrastructure could keep oil prices elevated, continuing to squeeze consumer spending.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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