NBC’s Tur: ‘It’s Not Bad News’ that Inflation Keeps Rising
On Thursday’s broadcast of MSNBC’s “Katy Tur Reports,” host Katy Tur stated that while it’s “not great news,” that inflation increased in July, “It’s not bad news,” when inflation keeps increasing.
Tur said, “New economic data shows inflation picked up during the month of July, but only slightly. It’s not great news, but it is in line with expectations, and it’s likely got the attention of the Federal Reserve.”
Later, Reuters White House Correspondent Jeff Mason stated that the Biden administration wants to ensure “people know what they see — what the administration, anyway, sees as the benefits of this economy, and the numbers today sort of help them. As you said in your intro, it’s not great news when inflation keeps going up. But it’s not as bad as it was.”
Tur responded, “It’s not bad news, yeah.”
Mason continued, “Yeah. And you can see Wall Street reacting very positively to it because they think this means the Fed isn’t going to raise interest rates more.”
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