Headline inflation came in at just 0.2 percent for the month. Core inflation—excluding food and energy—also ticked up just 0.2 percent. Year-over-year, the all-items index slowed to 2.3 percent, the lowest reading since February 2021.
Americans, with a buoyancy unseen in years, are exhibiting a rekindled confidence in the trajectory of the U.S. economy—most notably in its capacity for growth, the fortitude of its financial markets, and the direction of their household finances.
He’ll repair the Biden damage, and his pro-growth agenda will drive private investment.
Wall Street plunged in its worst drop in nearly two years as recession fears and global market turmoil spooked investors.
….the budget window that Biden inherited is now more than $7 trillion deeper in the red.
President Biden tried to fudge the numbers Thursday after newly released data revealed that consumer prices jumped by 8.2% year-over-year last month — with Biden insisting he’s made “progress” and that inflation really is on a 2% trajectory.
You’ve seen the news — the government says inflation rose 8.5% in March compared to last year. That is up from the annual inflation rate last month, which was 7.9%. Both are the worst since 1981.
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