Sarah Bedford of The Washington Examiner claimed that President Joe Biden has n’t yet had enough to influence voters ‘ opinions of the economy.
Bedford made an appearance on Fox Business’s Cavuto: Coast to Coast on Friday despite polls that revealed the majority of Americans believe the nation is going through a crisis. Importantly, Biden’s 2024 opponent, former President Donald Trump, has polled much on issues surrounding the market, as voters view his plans better than his predecessor’s.
” I think it’s difficult to shake voters ‘ perception of the economy as bad,” Bedford said of the polls. One [interest level ] cut with four times left to go will not change your view very much if you’ve been struggling to pay for your groceries, gasoline, or apartment and have been saving up for your home. I believe that most people have a fixed view of the economy, which is a major issue for Joe Biden because he ca n’t communicate those views to voters.
The Federal Reserve announced that its rate target would remain unchanged at 5.25 % to 5.50 %. Nowadays, only a second rate cut is anticipated by officials for the entire season.
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Interest charges were never significantly raised by the Federal Reserve in 2021. It is currently in its sixth month in a row without lowering costs.
Inflation fell by 0.2 % in May and decreased to 2.2 % for the year ending in that month.
