Bloomberg Surveillance · Friday, July 24, 2026
Despite resilient economic growth, voters are feeling the pinch of higher costs for essential goods and services, making inflation a key issue for the upcoming midterms. Policymakers are exploring measures like expanding the ratepayer protection pledge, but face challenges from geopolitical events affecting gas prices and local housing concerns.
“Even when growth is resilient, voters often discount healthy macro data when their lived experience is defined by higher cost for gas, groceries, rent, and utilities.”
“If you're a policy maker, you're looking for every Avenue. I think that the Trump announcement around corporations contributing to power generation and trying to reduce those costs as one of those measures.”
“But you have to balance that with what's happening geopolitically and globally. When we see what's happening with US and Iran pressures on gas prices, right and that elevation as well as you know, concerns at the local level or just around housing, and that's more of a local issue, not and that the federal government can just come in and cut.”