Image CreditU.S. Air Force photo/Jill Pickett After the economy created a higher-than-expected number of jobs in March , analysts continued asking a persistent question: Why do Americans remain so sour about the nation’s economy?
Several days later, the release of inflation numbers that exceeded expectations for the third straight month provided the obvious explanation. The March numbers, which show inflation remains above Federal Reserve targets and above expectations, made even the corporate media raise questions about the economy’s future direction.
But well before the latest inflation numbers came out, the answer has been staring Americans in the face for months — every week, when they go to the grocery store. Because the nation’s families see the effects of “Bidenflation” on their wallets, the rapid price run-up over the past several years will keep them in a gloomy mood. Recession Not in Sight?
Two articles published in The Wall Street Journal […]
Read the Whole Article From the Source: thefederalist.com
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