Five takeaways from Trump's midterm campaign rallies
Reuters reviews Trump's rallies: gas prices up nearly 40% on the year, his approval at 31%, and Republicans defending Senate seats in tight races.
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what happened
President Donald Trump is holding near-daily rallies before the November midterms to rally Republican voters as the party fights to keep control of Congress. According to Reuters, his economic message clashes with voter concerns: the national average gas price is $4.27 per gallon, nearly 40% higher than a year ago, according to AAA. Consumer prices accelerated in September as fuel costs surged.
Trump's travel schedule shows Republicans defending seats in conservative states such as Texas, Kansas and Ohio, where some of their candidates trail or are in close races. Trump's approval rating fell to 31% in a Reuters/Ipsos poll, the lowest of either of his presidential terms.
why it matters
For markets, the link between energy prices and politics matters. Trump has promised gas prices will fall once the Iran war ends, but no timeline was given. Fuel costs keep inflation expectations elevated, and the midterm outcome could shape the economic agenda and investor expectations for Congress.
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- Five takeaways from Trump's midterm campaign rallies — Reuters, 24 October 2026 at 10:00 UTC
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