Biden’s economy is stuck between a rock and a hard place ...Middle East

The Consumer Price Index data released on Wednesday suggests that inflation is continuing to slow: Prices increased 5 percent year over year last month, the smallest increase since May 2021, and just 0.1 percent from last month. This is ostensibly a welcome reprieve from two years of historically high inflation. But President Joe Biden, whose low approval rating is closely tied to Americans’ pessimism about the economy, shouldn’t breathe a sigh of relief. As Biden prepares to run for reelection in 2024, the economy is stuck between a rock and a hard place: Overall inflation may be slowing down, but so-called “core inflation” — which strips out volatile food and energy prices — act

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Last updated : 17 April 2023 clock 06:08 PM

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