Economic discontent at election time almost always heralds doom for the political party that holds the White House. But the economic malaise that has bedeviled the country throughout the presidency of Joe Biden is likely to weigh even more heavily now that thethe annual rate of inflation remains higher than it has been since the economy was staggering from the financial crisis
The Federal Reserve’s latest projections—released in June—for inflation at the end of this year have theover 12 months, a bit more than the 2.4 percent they were projecting in March. Core prices, which strips out food and energy prices, are expected to be up 2.8 percent, higher than the 2.6 percent rate expected in the earlier projections.
As measured by the PCE index, we’ve now been above 2.4 percent inflation for forty consecutive months. The last streak of inflation staying that high for that long ended in 1991—and that streak was killed off by a recession.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breitbart Business Digest: Retail Sales Snuff Out Economic Disaster FearsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Kamala Harris’s Inflationary LegacySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: July’s Food Inflation Leaves Families Hungry for ReliefSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: There’s Something Very Strange in the Fed’s Consumer DataSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Fed Isn’t Going to Panic CutSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Trump Has a Commanding Lead on Economic IssuesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »