@Delano Twin, check me if I’m wrong.
But finance experts report the drivers of inflation is too much money chasing too few goods, a hot job market- (unemployment rate is 3.6 and US economy added 372000 jobs, high wages (hourly earnings rose 10 cents to $32.08 according to the July Jobs report) the strong dollar causing certain markets to rally AND gas prices are down. -
@daniellegfny do you actually follow financial markets? Because if you did, you know now is the time to get rid of personal credit debt. The fed’s rate hike is to cool the economy and prevent a recession. Living above our means makes it difficult for any American to live comfortably.
We are not in a recession -and inflation is tied to the consumer market. Biden can’t control our consumerism - no president can but at least he is working to keep folks employed.
By the way, as with most republican presidents, 45 created the least amount jobs than any other president in recent history. If you’re self-employed, you may not care about employment numbers. But remember, unless you’re a multimillionaire living off investments, you also need a strong jobs market In order to get paid too.