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Its Inflation, Stupid: Biden Faces Renewed Election Threat

He wanted the US presidential election to be about Bidenomics. Instead, it risks being about Bidenflation. Joe Biden faces one of the biggest threats to his hopes of beating Donald Trump from rising prices that are hitting Americans in the wallet. The cost of li ..

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It's Inflation, Stupid: Biden Faces Renewed Election Threat

It's Inflation, Stupid: Biden Faces Renewed Election Threat
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It's inflation, stupid: Biden faces renewed election threat

He wanted the US presidential election to be about "Bidenomics.""How inflation evolves between now and the presidential election could factor heavily in the outcome," said Ryan Sweet, chief US economist at Oxford Economics.

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US close: Stocks lower following hotter-than-expected CPI reading

Wall Street stocks closed sharply lower on Wednesday as market participants digested a hotter-than-expected March consumer price index.

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US open: Stocks lower following hotter-than-expected CPI print

Wall Street stocks were firmly in the red early on Wednesday as market participants digested a hotter-than-expected March consumer price index.

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US CPI rises a tad more quickly than expected in March

The cost of living in the U.S. rose by more than expected last month amid gains in the cost of energy, clothing and medical care services.

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London close: Stocks finish higher as US inflation tops forecasts

London’s stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.

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Bad March inflation report could delay interest rate cuts

A growing chorus of Fed officials and Wall Street analysts believe that a third straight disappointing inflation report pushes rate cuts farther off.

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