U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
Here’s the deal. If Kamala had won, the C-word people would be 100% blaming it on her. If inflation had cooled, the C-word people would have been praising Trump and giving him 100% of the credit. But since Kamala didn’t win and inflation is up, it’s all Biden’s fault according to the C-words.
And truth be told, under NORMAL circumstances, it would be too early to place much blame on the new president. But that’s the thing, these aren’t normal circumstances and a lot of blame does fall on Trump.
For one, he literally promised that he’d tackle inflation on day one. Now, any reasonable person knew that was a lie, but when a leader makes that kind of statement and fails to deliver, the blame falls on that leader.
But mostly, we knew the circus was coming to town, so reasonable people took steps in preparation for the chaos. These numbers are a reflection that the circus delivered. Even if things ultimate end up getting better, chaos and instability are not good for the average American, and this is a reflection of that.