US Inflation Shock as Americans Keep Paying More for Food with nothing but the Prospect of Unemployment to Look Forward to if the Federal Reserve Policies are Successful
- Published in News & Comment
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Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy. Overall, prices have been essentially flat in our country these last two months: that is welcome news for American families, with more work still to do.
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