https://twtter.com/cherrygarciafan/status/1992698170460225737
The nation is suffering a serious affordability crisis. Prices for many necessities, from groceries to a car, have increased significantly since the pandemic, and most prices continue to rise at an uncomfortably quick pace. Consumer price inflation is near 3%, well above the Fed’s inflation target, and everything points to even higher inflation dead-ahead. It didn’t have to be this way. Inflation was slowing at the start of this year and was on track to return to the Fed’s inflation target by year’s end. But higher tariffs, highly restrictive immigration policy, and de-globalization more broadly have upended that outlook, and inflation appears likely to remain stubbornly high for the foreseeable future. The high inflation, combined with a job market struggling to create jobs, rising unemployment, and slowing wage growth, means that the tough financial times low- and middle-income Americans are grappling with will continue on.
https://twtter.com/Markzandi/status/1992629817548611644
https://twtter.com/ericadyork/status/1992643451259621609
https://twtter.com/charliebilello/status/1992613260512956574