Biden gets the blame for U.S. inflation staying higher for longer, but he shouldn’t

Date:

Share post:



U.S. inflation has come down, but not enough for voters to stop complaining about high prices.

Since U.S. President Joe Biden took office, the economy has recovered from the COVID-19 pandemic shutdowns and is now advancing, just as economists expected in 2019 before the pandemic was on the horizon.

The rub is that prices have jumped 18% on…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.

Subscribe Now

Log In



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

Fed’s Jefferson says slowing progress on inflation is ‘a source of concern’

The slowing progress on inflation in the first quarter is disappointing, but the healthy labor market allows...

Why the global platinum is headed for a second straight yearly deficit

Global platinum supply will fall short of demand for a second straight year, with the World Platinum...

Blink Charging’s CEO says drop in EV sales is mostly a Tesla problem

Blink Charging’s stock initially rallied Friday, before reversing course to close slightly lower, after the provider of...

Subsidized internet and online-safety measures fail to make it into FAA bill

Democrats and Republicans in the U.S. Senate floated a number of closely watched measures for inclusion in...

Ford plans to make Lucid and Waymo veteran its new CFO, as EV demand remains in flux

Ford Motor Co. is bringing aboard a veteran of the electric- and autonomous-vehicle industries who is set...

Why a less chaotic bond market could signal potential stock-buying opportunities

Volatility in the world’s largest bond market has experienced a downward trend in 2024 — a welcome...

Democratic congressman warns crypto may become winning issue for GOP after Trump voices support

Democratic Congressman Wiley Nickel’s remarks came after presumptive Republican presidential nominee Donald Trump expressed support for cryptocurrencies...

‘No return’ left for U.S. stock market in 2024, says Goldman’s David Kostin

The U.S. stock market’s climb this year probably has stalled for the rest of 2024, even as...