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The latest data, which came out Wednesday after Biden's recent remarks, pegs the current year-over-year inflation rate at 3.4%, a slight downtick from a 3.5% rate in March.
The government is set to release new data on the Consumer Price Index on Wednesday, potentially hurting Biden's approval rating if it shows inflation is still creeping up. Inflation hit 9.1 in the ...
Inflation tends to be a primary concern of American voters and consumers, as inflation rates can make are what cause prices on retail items, vehicles, groceries, gas and more to rise or fall. As ...
In June 2024, CNN found nearly 80 percent of the Act's new jobs were created in Republican-held House districts, consistent with earlier projections, [180] as well as a later Bloomberg Opinion article that found $161 billion of clean investments had gone to those districts and $42 billion to Democratic-held districts since Biden took office in ...
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
Last week, new data showing a slowdown in inflation prompted markets to put the chances that the Federal Reserve cuts rates by the end of its September meeting at 100%.
Biden passed the Inflation Reduction Act, the largest investment in addressing climate change and clean energy in US history [88] with over $375 billion in funding and putting the US on track to meet emissions reduction targets by 50-52% below 2005 levels by 2030, and has created 170,600 new clean energy jobs with over $278 billion in new ...
The U.S. has seen significantly higher inflation rates since Joe Biden took office: CPI rose by a cumulative 18.49 percent between January 2021 and February 2024.