Breitbart Business Digest: High Rates Here to Stay

Federal Reserve Chairman Jerome Powell and his team are standing firm in their battle against inflation, a monster unleashed by theInflation is still rearing its ugly head, now fueled by. These are the direct results of an economy thrown into disarray.

“We saw growth across all of our income demographics, and we didn’t see a trade down from best, better, better to goods, so pretty consistent across all the income demographics of cohorts,” chief executive Lauren Hobartstocks have been on a tear this year are cutting prices to attract consumers who are tightening their belts. These trends are seen by some as signs of financial strain, but they look more likePolitically, the stakes could not be higher. The average American is, feeling the pinch of rising costs for essentials like rent, groceries, and gasoline. Voters are rightly angry, and many have correctly laid the blame squarely on President Joe Biden.

“I’ve been asked many times when we take potential interest rate increases off the table,” Minneapolis Fed PresidentFederal Reserve Bank of Minneapolis President Neel Kashkari participates in the Federal Open Market Committee meeting in Washington, DC, on January 31, 2024. that started Biden’s American Rescue Plan and the resultant ballooning budget deficits have left the economy in tatters, and it’s the average American who is paying the price.

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