A poll by YouGov found that Democrats are suddenly more concerned about inflation, with many expecting interest rates to rise over the next six months. economist.
The poll, conducted Nov. 9-12, found that a majority of Democrats think inflation will be higher six months from now, with 23% expecting it to be at the same level and 9% expecting inflation to be higher. is expected to be low.
This marks a dramatic change from their pre-election expectations. As of the end of October, only 19% of Democrats in a poll conducted from October 26th to 29th expected inflation to rise. 29% expected inflation to remain stable. 33% said they expected inflation to decline.
The Fed said it expects inflation to continue falling to its 2% target. The Fed cut interest rates in September and November, saying it was confident inflation would continue to decline.
Fed officials' forecasts indicate they expect rate cuts to continue. Democrats used to agree, but now they're not so sure.
Last time was in early October, economistThe /YouGov poll asked about interest rates and 18% of Democrats said they expected them to rise in six months. 28% said they thought interest rates would remain at current levels. A 33% plurality agreed with the Fed's forecast and expected interest rates to fall.
Post-election polls found that 44% of Democrats expected interest rates to rise, 24% expected them to stay the same, and just 11% expected them to fall.
Republicans have steered in the opposite direction. In late October, 25% expected inflation to rise, but now only 5% expect it to rise. 65% expect inflation to fall, up from 19% a few weeks ago. On interest rates, 59% of Republicans expect them to fall, up from 22% in early October.
Among independents, the movement was less dramatic. The proportion expecting inflation to rise fell from 30% to 25%, while the proportion expecting inflation to fall rose from 17% to 26%. The proportion expecting interest rates to rise has remained almost unchanged, but the proportion expecting interest rates to fall rose from 21% to 27%.
