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US Inflation Rate Slows to 2.9%

  • #Economic conditions & trends
  • #Finance
  • #Prices
US Inflation Rate Slows to 2.9%
story
AUG 2024
Image copyright: Spencer Platt/Staff/Getty Images News via Getty Images
story last updated AUG 2024

The Spin

Democratic narrative

Democratic policies to relieve American families from the burden of inflation are working, but not everything will be fixed overnight. There's still a lot of work to do to bring relief to all Americans and there are several actions, including cracking down on corporate price gouging, that can be taken in order to completely vanquish inflation.

New York Times

Republican narrative

The Biden-Harris administration, and Democrats across the country, may want to pass this modest news off as some sort of victory, but the American people are still losing. The cost of goods and services has increased by more than 5% since Biden took office, and very little has been done to relieve the pressure on consumers.

FOX News

Metaculus Prediction


Political split

LEFT

RIGHT

Live Updates: Inflation in Focus With Markets on Edge
New York TimesAUG 2024

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