CNN chief data analyst Harry Enten highlights a dramatic shift in public perception of Donald Trump's economic policies.According to recent polling, 58% of voters now believe Trump is making them financially worse off, down from 44% in 2024.This marks a reversal from his 2024 re-election campaign, where 44% of voters thought he would improve their financial situation.The data shows a significant decline in economic approval, with only 13% of voters believing Trump has made them better off.Enten notes that these numbers are 'absolutely devastating' for Trump's political standing.

The economic anxiety extends to broader perceptions of the economy, with 59% of Americans now stating the economy is getting worse, up from 42% in November 2024.

This shift poses a serious challenge for Republicans heading into the midterms, as historical data suggests such economic pessimism has not boded well for the president's party.

Trump's push for interest rate cuts and his appointment of a new Federal Reserve chair have not translated into market confidence, with prediction markets indicating less than a 1% chance of rate cuts at the upcoming Fed meeting.

The public and financial markets currently show little expectation of the economic relief Trump has promised, raising concerns about the impact of his policies on the economy and voter sentiment.