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What's moving the race

The issues voters say matter most, tracked with public data that updates on its own. Each card gives the latest number, how it has changed and why it can matter at the ballot box. The numbers come straight from the sources. Our view, from the right, is in the box marked “Our take.”

Updated Nov 4, 10:24 AM EST · Feeds the 2028 forecast

Polls

Presidential approval

−26net approval (36% approve, 62% disapprove)

−9.6 pts vs. four weeks earlier

Apr 2026: -16.2Apr 2026: -16.7Apr 2026: -19.2Apr 2026: -18.1May 2026: -18.0May 2026: -18.0May 2026: -17.6May 2026: -17.8Jun 2026: -16.7Jun 2026: -16.8Jun 2026: -17.1Jun 2026: -17.7Jun 2026: -17.0Jul 2026: -17.0Jul 2026: -16.4Jul 2026: -11.0Aug 2026: -13.5Aug 2026: -17.4Sep 2026: -16.5Sep 2026: -16.5Sep 2026: -18.2Sep 2026: -14.0Oct 2026: -26.1
Net approval, weekly averageApr 2026 – Oct 2026

On average, 36% of Americans approve of the president's job performance and 62% disapprove, across the latest poll from each of 2 pollsters (including RMG Research, Pew Research Center).

Why it matters: A president's approval has historically tracked how their party does in the next election, even when the president is not on the ballot. It is one of the inputs to our forecast.

Source: Polls via VoteHub (CC BY 4.0)

Cost of living

Inflation

3.7%prices vs. a year earlier (September)

Faster than the month before (3.4%)

Jul 2024: 2.9%Aug 2024: 2.6%Sep 2024: 2.4%Oct 2024: 2.6%Nov 2024: 2.7%Dec 2024: 2.9%Jan 2025: 3.0%Feb 2025: 2.8%Mar 2025: 2.4%Apr 2025: 2.3%May 2025: 2.4%Jun 2025: 2.7%Jul 2025: 2.7%Aug 2025: 2.9%Sep 2025: 3.0%Nov 2025: 2.7%Dec 2025: 2.6%Jan 2026: 2.4%Feb 2026: 2.4%Mar 2026: 3.3%Apr 2026: 3.8%May 2026: 4.2%Jun 2026: 3.5%Jul 2026: 3.3%Aug 2026: 3.4%Sep 2026: 3.7%
Consumer prices, % change from a year earlierJul 2024 – Sep 2026

Consumer prices were 3.7% higher in September than a year earlier, a faster pace than the month before. Leaving out food and energy, which swing the most, prices rose 2.6%. The Federal Reserve aims for about 2%.

Why it matters: Prices are consistently near the top of voters' concerns in surveys, and the party in the White House tends to get the credit or the blame. Inflation is an input to our forecast.

Source: Bureau of Labor Statistics CPI, via FRED

Foreign policy

The Iran war

$103a barrel of U.S. crude oil (Oct 27, 2026)

Up $18 from a month earlier

Oct 2025: $59.52Oct 2025: $59.08Oct 2025: $58.29Oct 2025: $58.30Oct 2025: $58.34Oct 2025: $58.66Oct 2025: $59.30Oct 2025: $62.44Oct 2025: $62.27Oct 2025: $62.13Oct 2025: $60.97Oct 2025: $61.26Oct 2025: $61.36Oct 2025: $61.75Nov 2025: $61.79Nov 2025: $61.38Nov 2025: $60.40Nov 2025: $60.24Nov 2025: $60.54Nov 2025: $60.94Nov 2025: $59.30Nov 2025: $59.54Nov 2025: $60.87Nov 2025: $60.66Nov 2025: $61.51Nov 2025: $60.27Nov 2025: $60.07Nov 2025: $58.86Nov 2025: $59.11Nov 2025: $58.25Nov 2025: $58.81Nov 2025: $58.58Dec 2025: $59.47Dec 2025: $58.81Dec 2025: $59.09Dec 2025: $59.82Dec 2025: $60.23Dec 2025: $59.04Dec 2025: $58.40Dec 2025: $58.67Dec 2025: $57.76Dec 2025: $57.61Dec 2025: $56.97Dec 2025: $55.44Dec 2025: $56.07Dec 2025: $56.22Dec 2025: $56.80Dec 2025: $58.18Dec 2025: $58.55Dec 2025: $58.72Dec 2025: $56.60Dec 2025: $57.89Dec 2025: $57.79Dec 2025: $57.26Jan 2026: $57.21Jan 2026: $58.10Jan 2026: $56.97Jan 2026: $56.01Jan 2026: $57.74Jan 2026: $58.96Jan 2026: $59.39Jan 2026: $60.85Jan 2026: $61.84Jan 2026: $59.13Jan 2026: $59.40Jan 2026: $60.30Jan 2026: $60.38Jan 2026: $59.24Jan 2026: $60.70Jan 2026: $60.46Jan 2026: $62.04Jan 2026: $62.75Jan 2026: $64.77Jan 2026: $64.50Feb 2026: $61.60Feb 2026: $62.62Feb 2026: $64.56Feb 2026: $62.90Feb 2026: $63.77Feb 2026: $64.53Feb 2026: $64.20Feb 2026: $64.80Feb 2026: $63.08Feb 2026: $63.05Feb 2026: $62.53Feb 2026: $65.33Feb 2026: $66.66Feb 2026: $66.69Feb 2026: $66.36Feb 2026: $65.62Feb 2026: $65.30Feb 2026: $65.10Feb 2026: $66.96Mar 2026: $71.13Mar 2026: $74.48Mar 2026: $74.58Mar 2026: $80.88Mar 2026: $90.77Mar 2026: $94.65Mar 2026: $83.71Mar 2026: $86.80Mar 2026: $95.61Mar 2026: $98.48Mar 2026: $93.39Mar 2026: $96.01Mar 2026: $96.12Mar 2026: $96.11Mar 2026: $98.71Mar 2026: $89.33Mar 2026: $93.18Mar 2026: $91.51Mar 2026: $96.18Mar 2026: $101.26Mar 2026: $104.69Mar 2026: $102.86Apr 2026: $101.90Apr 2026: $113.23Apr 2026: $114.01Apr 2026: $114.58Apr 2026: $96.17Apr 2026: $99.62Apr 2026: $98.34Apr 2026: $100.72Apr 2026: $93.07Apr 2026: $93.04Apr 2026: $96.46Apr 2026: $85.91Apr 2026: $91.06Apr 2026: $93.64Apr 2026: $94.76Apr 2026: $99.27Apr 2026: $98.42Apr 2026: $99.89Apr 2026: $103.45Apr 2026: $110.47Apr 2026: $108.64May 2026: $105.38May 2026: $109.76May 2026: $105.66May 2026: $98.75May 2026: $98.38May 2026: $98.87May 2026: $101.56May 2026: $105.78May 2026: $104.52May 2026: $104.66May 2026: $108.99May 2026: $112.25May 2026: $112.09May 2026: $101.69May 2026: $100.20May 2026: $100.35May 2026: $97.63May 2026: $92.35May 2026: $92.65May 2026: $91.16Jun 2026: $95.96Jun 2026: $97.47Jun 2026: $99.76Jun 2026: $96.83Jun 2026: $94.32Jun 2026: $95.00Jun 2026: $91.90Jun 2026: $93.68Jun 2026: $91.58Jun 2026: $88.62Jun 2026: $84.65Jun 2026: $79.80Jun 2026: $80.65Jun 2026: $80.35Jun 2026: $78.94Jun 2026: $74.62Jun 2026: $71.42Jun 2026: $72.67Jun 2026: $70.30Jun 2026: $71.87Jun 2026: $70.56Jul 2026: $69.74Jul 2026: $69.73Jul 2026: $69.60Jul 2026: $71.53Jul 2026: $74.56Jul 2026: $73.15Jul 2026: $72.45Jul 2026: $79.20Jul 2026: $80.44Jul 2026: $80.73Jul 2026: $80.03Jul 2026: $83.43Jul 2026: $84.38Jul 2026: $86.04Jul 2026: $87.66Jul 2026: $93.08Jul 2026: $91.74Jul 2026: $84.25Jul 2026: $80.91Jul 2026: $86.08Jul 2026: $85.15Jul 2026: $86.16Aug 2026: $81.96Aug 2026: $77.33Aug 2026: $76.78Aug 2026: $78.88Aug 2026: $79.77Aug 2026: $83.76Aug 2026: $84.77Aug 2026: $84.97Aug 2026: $82.77Aug 2026: $83.99Aug 2026: $86.04Aug 2026: $86.48Aug 2026: $87.28Aug 2026: $89.75Aug 2026: $87.21Aug 2026: $86.34Aug 2026: $83.90Aug 2026: $83.46Aug 2026: $84.81Aug 2026: $84.57Aug 2026: $87.03Sep 2026: $91.48Sep 2026: $92.15Sep 2026: $92.55Sep 2026: $92.69Sep 2026: $94.21Sep 2026: $97.26Sep 2026: $103.57Sep 2026: $101.27Sep 2026: $102.42Sep 2026: $107.02Sep 2026: $103.62Sep 2026: $103.21Sep 2026: $101.44Sep 2026: $96.97Sep 2026: $96.41Sep 2026: $93.38Sep 2026: $95.88Sep 2026: $85.23Sep 2026: $99.37Sep 2026: $96.16Sep 2026: $97.18Oct 2026: $99.77Oct 2026: $97.89Oct 2026: $96.13Oct 2026: $96.24Oct 2026: $95.02Oct 2026: $98.26Oct 2026: $98.73Oct 2026: $94.99Oct 2026: $95.39Oct 2026: $96.34Oct 2026: $104.71Oct 2026: $108.21Oct 2026: $110.01Oct 2026: $107.89Oct 2026: $103.95Oct 2026: $104.27Oct 2026: $109.72Oct 2026: $105.25Oct 2026: $103.37
U.S. crude oil (WTI), dollars per barrelOct 2025 – Oct 2026

U.S. crude oil traded at about $103 a barrel on Oct 27, 2026. Oil is the most direct way the conflict reaches voters at home, through gasoline and shipping costs.

The United States and Israel began strikes on Iran on February 28, 2026. A ceasefire brokered by Pakistan took effect in April, followed by further rounds of strikes and retaliation over the summer.

Shipping through the Strait of Hormuz, the route for roughly a fifth of the world's oil, has been heavily disrupted, which is why oil and gasoline prices are part of this story at home.

Background as of November 4, 2026. Sources: GlobalSecurity.org operations log · Al Jazeera, Aug 31 · Al Jazeera, Oct 4 · EIA on Hormuz

Why it matters: Foreign conflicts can rally support for a president early on and weigh on it if they drag on or push up prices at home. Voters' views on the war tend to split sharply by party.

Source: U.S. Energy Information Administration, via FRED

Cost of living

Gas prices

$4.15a gallon of regular, national average (Nov 2, 2026)

Down $0.20 from a month earlier

Nov 2024: $3.05Nov 2024: $3.05Nov 2024: $3.04Dec 2024: $3.03Dec 2024: $3.01Dec 2024: $3.02Dec 2024: $3.02Dec 2024: $3.01Jan 2025: $3.05Jan 2025: $3.04Jan 2025: $3.11Jan 2025: $3.10Feb 2025: $3.08Feb 2025: $3.13Feb 2025: $3.15Feb 2025: $3.13Mar 2025: $3.08Mar 2025: $3.07Mar 2025: $3.06Mar 2025: $3.12Mar 2025: $3.16Apr 2025: $3.24Apr 2025: $3.17Apr 2025: $3.14Apr 2025: $3.13May 2025: $3.15May 2025: $3.12May 2025: $3.17May 2025: $3.16Jun 2025: $3.13Jun 2025: $3.11Jun 2025: $3.14Jun 2025: $3.21Jun 2025: $3.16Jul 2025: $3.13Jul 2025: $3.13Jul 2025: $3.12Jul 2025: $3.12Aug 2025: $3.14Aug 2025: $3.12Aug 2025: $3.13Aug 2025: $3.15Sep 2025: $3.18Sep 2025: $3.19Sep 2025: $3.17Sep 2025: $3.17Sep 2025: $3.12Oct 2025: $3.12Oct 2025: $3.06Oct 2025: $3.02Oct 2025: $3.04Nov 2025: $3.02Nov 2025: $3.06Nov 2025: $3.06Nov 2025: $3.06Dec 2025: $2.98Dec 2025: $2.94Dec 2025: $2.90Dec 2025: $2.84Dec 2025: $2.81Jan 2026: $2.80Jan 2026: $2.78Jan 2026: $2.81Jan 2026: $2.85Feb 2026: $2.87Feb 2026: $2.90Feb 2026: $2.92Feb 2026: $2.94Mar 2026: $3.02Mar 2026: $3.50Mar 2026: $3.72Mar 2026: $3.96Mar 2026: $3.99Apr 2026: $4.12Apr 2026: $4.12Apr 2026: $4.04Apr 2026: $4.12May 2026: $4.45May 2026: $4.50May 2026: $4.49May 2026: $4.47Jun 2026: $4.30Jun 2026: $4.15Jun 2026: $4.05Jun 2026: $3.91Jun 2026: $3.83Jul 2026: $3.78Jul 2026: $3.85Jul 2026: $4.00Jul 2026: $4.10Aug 2026: $4.08Aug 2026: $4.01Aug 2026: $4.05Aug 2026: $4.08Aug 2026: $4.07Sep 2026: $4.16Sep 2026: $4.32Sep 2026: $4.48Sep 2026: $4.46Oct 2026: $4.35Oct 2026: $4.33Oct 2026: $4.28Oct 2026: $4.27Nov 2026: $4.15
Regular gasoline, dollars per gallonNov 2024 – Nov 2026

A gallon of regular gasoline averaged $4.15 nationally in the week of Nov 2, 2026, compared with $3.04 a year earlier.

Why it matters: Gas is the price most Americans see every week, so it shapes how people feel about the economy more than its share of spending suggests.

Source: U.S. Energy Information Administration, via FRED

Economy

Jobs

4.2%unemployment rate (September)

−0.2 pts vs. a year earlier

Sep 2023: 3.7%Oct 2023: 3.9%Nov 2023: 3.7%Dec 2023: 3.8%Jan 2024: 3.7%Feb 2024: 3.9%Mar 2024: 3.9%Apr 2024: 3.9%May 2024: 3.9%Jun 2024: 4.1%Jul 2024: 4.2%Aug 2024: 4.2%Sep 2024: 4.1%Oct 2024: 4.1%Nov 2024: 4.2%Dec 2024: 4.1%Jan 2025: 4.0%Feb 2025: 4.2%Mar 2025: 4.2%Apr 2025: 4.2%May 2025: 4.3%Jun 2025: 4.1%Jul 2025: 4.3%Aug 2025: 4.3%Sep 2025: 4.4%Nov 2025: 4.5%Dec 2025: 4.4%Jan 2026: 4.3%Feb 2026: 4.4%Mar 2026: 4.3%Apr 2026: 4.3%May 2026: 4.3%Jun 2026: 4.2%Jul 2026: 4.1%Aug 2026: 4.1%Sep 2026: 4.2%
Unemployment rate, %Sep 2023 – Sep 2026

The unemployment rate was 4.2% in September, down from 4.4% a year earlier.

Why it matters: Rising unemployment has historically been one of the clearest warning signs for the party in power. The change over the past year is an input to our forecast.

Source: Bureau of Labor Statistics, via FRED

Housing

Mortgage rates

7.24%30-year fixed mortgage (Oct 29, 2026)

Down 0.04 pts from a month earlier

Nov 2024: 6.8%Nov 2024: 6.8%Nov 2024: 6.8%Nov 2024: 6.8%Dec 2024: 6.7%Dec 2024: 6.6%Dec 2024: 6.7%Dec 2024: 6.8%Jan 2025: 6.9%Jan 2025: 6.9%Jan 2025: 7.0%Jan 2025: 7.0%Jan 2025: 7.0%Feb 2025: 6.9%Feb 2025: 6.9%Feb 2025: 6.8%Feb 2025: 6.8%Mar 2025: 6.6%Mar 2025: 6.7%Mar 2025: 6.7%Mar 2025: 6.7%Apr 2025: 6.6%Apr 2025: 6.6%Apr 2025: 6.8%Apr 2025: 6.8%May 2025: 6.8%May 2025: 6.8%May 2025: 6.8%May 2025: 6.9%May 2025: 6.9%Jun 2025: 6.8%Jun 2025: 6.8%Jun 2025: 6.8%Jun 2025: 6.8%Jul 2025: 6.7%Jul 2025: 6.7%Jul 2025: 6.8%Jul 2025: 6.7%Jul 2025: 6.7%Aug 2025: 6.6%Aug 2025: 6.6%Aug 2025: 6.6%Aug 2025: 6.6%Sep 2025: 6.5%Sep 2025: 6.3%Sep 2025: 6.3%Sep 2025: 6.3%Oct 2025: 6.3%Oct 2025: 6.3%Oct 2025: 6.3%Oct 2025: 6.2%Oct 2025: 6.2%Nov 2025: 6.2%Nov 2025: 6.2%Nov 2025: 6.3%Nov 2025: 6.2%Dec 2025: 6.2%Dec 2025: 6.2%Dec 2025: 6.2%Dec 2025: 6.2%Dec 2025: 6.2%Jan 2026: 6.2%Jan 2026: 6.1%Jan 2026: 6.1%Jan 2026: 6.1%Feb 2026: 6.1%Feb 2026: 6.1%Feb 2026: 6.0%Feb 2026: 6.0%Mar 2026: 6.0%Mar 2026: 6.1%Mar 2026: 6.2%Mar 2026: 6.4%Apr 2026: 6.5%Apr 2026: 6.4%Apr 2026: 6.3%Apr 2026: 6.2%Apr 2026: 6.3%May 2026: 6.4%May 2026: 6.4%May 2026: 6.5%May 2026: 6.5%Jun 2026: 6.5%Jun 2026: 6.5%Jun 2026: 6.5%Jun 2026: 6.5%Jul 2026: 6.4%Jul 2026: 6.5%Jul 2026: 6.5%Jul 2026: 6.6%Jul 2026: 6.7%Aug 2026: 6.7%Aug 2026: 6.7%Aug 2026: 6.7%Aug 2026: 6.7%Sep 2026: 6.7%Sep 2026: 6.8%Sep 2026: 7.0%Sep 2026: 7.0%Oct 2026: 7.3%Oct 2026: 7.4%Oct 2026: 7.4%Oct 2026: 7.3%Oct 2026: 7.2%
30-year fixed mortgage rate, %Nov 2024 – Oct 2026

The average 30-year fixed mortgage rate was 7.24% in the week of Oct 29, 2026. Rates follow the Federal Reserve and the bond market and drive what buying a home costs.

Why it matters: Housing costs have become a major issue for younger voters, and both parties now campaign on affordability.

Source: Freddie Mac, via FRED

Mood

How people feel about the economy

48consumer sentiment index (September; 1966 = 100)

Down 7 from a year earlier

Oct 2023: 63.8Nov 2023: 61.3Dec 2023: 69.7Jan 2024: 79.0Feb 2024: 76.9Mar 2024: 79.4Apr 2024: 77.2May 2024: 69.1Jun 2024: 68.2Jul 2024: 66.4Aug 2024: 67.9Sep 2024: 70.1Oct 2024: 70.5Nov 2024: 71.8Dec 2024: 74.0Jan 2025: 71.7Feb 2025: 64.7Mar 2025: 57.0Apr 2025: 52.2May 2025: 52.2Jun 2025: 60.7Jul 2025: 61.7Aug 2025: 58.2Sep 2025: 55.1Oct 2025: 53.6Nov 2025: 51.0Dec 2025: 52.9Jan 2026: 56.4Feb 2026: 56.6Mar 2026: 53.3Apr 2026: 49.8May 2026: 44.8Jun 2026: 49.5Jul 2026: 55.2Aug 2026: 51.7Sep 2026: 48.1
Consumer sentiment indexOct 2023 – Sep 2026

The University of Michigan's consumer sentiment index was 48.1 in September. Readings below about 80 have usually meant most people think the economy is doing poorly, whatever the official numbers say.

Why it matters: How people feel about the economy often matters more at the ballot box than the official statistics.

Source: University of Michigan, via FRED

Polls

Generic ballot

D+8.0which party voters prefer for Congress (52% D, 44% R)
May 2026: +5.8May 2026: +6.3May 2026: +6.2May 2026: +6.6Jun 2026: +6.0Jun 2026: +5.4Jun 2026: +5.5Jun 2026: +5.5Jun 2026: +5.9Jul 2026: +6.6Jul 2026: +5.5Jul 2026: +5.3Jul 2026: +4.0Aug 2026: +3.0Aug 2026: +5.0Aug 2026: +5.7Aug 2026: +5.7Sep 2026: +4.9Sep 2026: +6.8Sep 2026: +6.8Sep 2026: +6.0Oct 2026: +7.8Oct 2026: +7.5Oct 2026: +7.5Oct 2026: +7.2Nov 2026: +8.0
Democratic minus Republican, weekly averageMay 2026 – Nov 2026

Asked which party they would back for Congress, 52% of voters say Democrats and 44% say Republicans, averaging the latest poll from each of 1 pollsters.

Why it matters: The generic ballot is the simplest national read on the parties' standing between elections.

Source: Polls via VoteHub (CC BY 4.0)

How we keep the numbers straight