Report: Favored Inflation Gauge Increased 2.5% In February Preferred By Fed
One AmericaMAR 2024
US Inflation Slows to 3% in June
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The Spin
Democratic narrative
Thursday's report highlights the success of Bidenomics, showing the economy's resilience and progress. Despite predictions of a recession and the need for high unemployment to curb inflation, the US has experienced robust growth, low unemployment, and falling inflation.
Republican narrative
Despite a slight decline to a 3% annual rate, many Americans remain frustrated by years of high prices. While the Fed may cut rates soon, the effects of prolonged inflation and elevated interest rates linger. The core inflation rate, at its lowest since April 2021, isn't enough to reverse consumer hardships.