Resurgent Inflation Poses Challenges for Joe Biden's White House Bid
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#83ab6f4d ver:0.71
Resurgent inflation is becoming a concern for Joe Biden's White House bid. The US inflation rate has risen to 3.5%, causing markets to slash bets on rate cuts. This development is bad news for Biden as it damages his electoral rating and undermines the credibility of the Biden administration as economic managers. Former President Donald Trump and the Republicans are using the cost-of-living pressures to criticize Biden's economic management. Trump posted on social media, 'INFLATION is BACK—and RAGING!'
The Federal Reserve Board was expecting the inflation rate to fall, but it is actually edging up. The political dimension of inflation and interest rates will complicate the November election. Former US Treasury Secretary Larry Summers suggests that the federal funds rate might have to be...
#newstr #UsInflation #JoeBiden #DonaldTrump #FederalReserve #InterestRates
https://here.news/story/83ab6f4d?ver=0.71
stories / HERE.news (aka "Newstr")
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2024-04-11 04:19:29
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npub1nnfvvadussrr3y6vh3rtee0urtaej4m0vpz4p2vhfvmak7n7hjrq2effs2Published at
2024-04-11 04:19:29Event JSON
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"content": "Resurgent Inflation Poses Challenges for Joe Biden's White House Bid\n===============\t\n#83ab6f4d ver:0.71\n\nResurgent inflation is becoming a concern for Joe Biden's White House bid. The US inflation rate has risen to 3.5%, causing markets to slash bets on rate cuts. This development is bad news for Biden as it damages his electoral rating and undermines the credibility of the Biden administration as economic managers. Former President Donald Trump and the Republicans are using the cost-of-living pressures to criticize Biden's economic management. Trump posted on social media, 'INFLATION is BACK—and RAGING!' \n\nThe Federal Reserve Board was expecting the inflation rate to fall, but it is actually edging up. The political dimension of inflation and interest rates will complicate the November election. Former US Treasury Secretary Larry Summers suggests that the federal funds rate might have to be...\n\n#newstr #UsInflation #JoeBiden #DonaldTrump #FederalReserve #InterestRates \n\n https://here.news/story/83ab6f4d?ver=0.71",
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