Posted 12/12/2023, 11:38:00 PM
Inflation Easing But Still Pinching Americans, Weakening Biden's Economic Message Before 2024
- Inflation has fallen from over 9% in June 2022 to 3.1% in November, but is still above the Fed's 2% target
- High inflation and borrowing costs are squeezing Americans, with 60% living paycheck to paycheck
- Even Democratic voters rate the economy as only fair or poor in battleground states
- Trump leads Biden in 5 out of 6 battleground states in polls for a hypothetical 2024 match-up
- The economy seems to be making a soft landing, but it may be too soon to tell if it's a winning message for Biden