Recent polling averages place President Trump’s job approval near 37-39% as of mid-October 2026, with several surveys including Fox News and Pew Research recording new or near-record lows for his second term. Declines trace primarily to voter dissatisfaction with inflation and the cost of living, where net approval has fallen to roughly -47, alongside broader economic and trade concerns. The ongoing conflict with Iran, which has elevated energy prices, has further weighed on ratings, including among Republicans and 2024 Trump voters. Midterm elections scheduled for November 3 create additional pressure, as congressional Republicans face headwinds tied to these national numbers. Daily fluctuations in new releases continue to shape trader assessments of whether any threshold will be cleared on the resolution date.