BIDEN AND TRUMP CLASH OVER INFLATION

DOW JONES WALL STREET

Wall Street prepares for the inflation report

WALL STREET is bracing for another inflation report today. This will give us a sense of whole-sale prices. Markets tanked yesterday after consumer prices came in hotter than expected. The DOW JONES dropped more than 400 points. Expert tells us how stubborn inflation could impact the race for the White House.

An alarming number shows inflation ticked up AGAI in March, adding to the strain on American wallets and the political pressure on President Biden.

Biden Administration's Reaction

We are in a better situation than we were when we took office, where inflation was skyrocketing, and we have a plan to deal with IT.

President Joe Biden on the March consumer price index

“Inflation has dropped more than 60% from its peak.”

Consumption prices rises by 3.5% year over year up from 3.2% a month before with rent, gas, and auto insurance especially hard hit. Grocery price increases slowed overall, Americans have seen average prices increase by more than 20% since the start of Pandemic former President Trump's seizing on the new report.

U.S Consumption prices rises by 3.5%

  •      Wall Street prepares for another inflation report.
  •      The Dow recorded drop of 400 points after recent hot consumer price data.
  •      Experts says that inflation can impact on presidential race.
  •      President Biden claims a significant drop in inflation from its peak.
  •    Consumer prices, including rent, gas, and auto insurance, have increased.



Joe Biden has totally lost to inflation.

President Biden says inflation has dropped 60% from its peak, and raining it further as his top economic priority, noticing his strong jobs market and raising wages that fuel price increases. The stock market tumbled on the news, with investors concerned about interest rates. The stock market can’t move to the lowest interest rate when prices are showing signs that they are trending higher.

Hopes are fadin for rate cuts that could bring substantial relief to the housing market as inflation appeared stuck at an elevated level with painful effects for consumers and politicians searching for solutions.