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Facing a potentially grim report this week on the economy’s overall health, President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession. The Commerce Department on Thursday will release new gross domestic product figures. Top forecasts such as the Atlanta Federal Reserve’s GDPNow are predicting […]
Inflation soared in June, continuing to climb at the fastest pace in 40 years across many sectors of the economy, driven in large part by higher energy prices. The blistering consumer price index was ...
Today we face an annual 8.6% inflation rate, and a very real concern about an economic slowdown.
[This piece has been published in Restoring America to highlight how soaring inflation rates, caused in part by the Biden administration's irresponsible spending, are hurting low-income and middle-class families.]
Even as cost of gas, food and other goods soared, the White House repeatedly assured Americans that high inflation would be temporary. It hasn't been.