Biden Faces Uphill Battle on Economy in 2024
• Biden faces deep political trouble due to poor economic approval and high inflation during his presidency
• The Federal Reserve's planned interest rate cuts won't help Biden politically, as they require inflation to fall first
• Rate cuts will likely coincide with slowing economic growth and rising unemployment in 2024
• High inflation and interest rates will continue squeezing consumers through November's election
• The economy is unlikely to rebound fast enough by November 2024 to offset damage to Biden