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President Joe Biden has repeatedly touted that the pace of inflation is slowly trending in the right direction, but experts cast doubt on that claim.
The rate increase is set for June, increasing fares from $8.40 to $12.20.
Biden has instituted a number of policies that are hostile to the growth of the oil and gas industry but an increase in production has boosted the economy.
While the Federal Reserve has indicated it would cut rates three times this year at its most recent two-day Federal Open Market Committee (FOMC) meeting on March 19 and 20 -- it is not clear when...
Shelter inflation has consistently contributed a large portion to overall inflation over the past few months, raising the cost of housing for average Americans.