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US Inflation Remained Higher Than Expected in January

  • #Finance
  • #Prices
  • #Economic conditions & trends
  • #United States of America
US Inflation Remained Higher Than Expected in January
story
FEB 2024
Image copyright: Justin Sullivan/Staff/Getty Images News via Getty Images
story last updated FEB 2024

The Spin

Republican narrative

Despite the Fed hiking interest rates astronomically, the Biden administration has failed to get inflation under control. The American people can see the president's failures every time they open their wallets. This latest report means the Fed won't be cutting rates, and the US economy will remain shackled by Biden's inflation.

Daily Caller

Democratic narrative

It's unrealistic for the economy to beat every monthly forecast. But inflation has been cooling dramatically and that trend continued in January. Under Biden, the economy is better than it was a year ago and is on its way to a full recovery. Bideneconomics continues to be a boon to the American consumer.

PBS NewsHour

Metaculus Prediction


Articles on this story

Dow Falls 400 Points As Fed Official Warns Hot Inflation Data Serves As 'Cautionary Tale'
ForbesJUL 2023
January's CPI suggests the stock market is far from the bottom and we're set to see a repeat of the 2001 market crash, says a top-ranked stock picker. He shares 3 investment options that are risk-free
Business InsiderJUL 2023
Prices rose more than expected in January as inflation won't go away
CNBCJAN 2024