Inflation rates show Biden is gaslighting Americans on the economy
NY Post
Good news: Inflation eased a tiny bit in the latest Consumer Price Index numbers.
Bad news: Most other indicators suggest more trouble, not less, ahead.
CPI for April came in at 3.4% higher than a year ago — easing from March’s 3.5% spike.
But we’re still at levels well above what Federal Reserve chief Jerome Powell wants.
And the Producer Price Index for April saw a 0.5% rise, above economists’ 0.3% prediction — and PPI generally indicates where CPI is headed, since producers have little choice but to pass higher costs on to consumers.
Plus, Consumer Confidence in April was at its lowest level since July 2022, when inflation was at a blistering 8.5%.
The grim news coming out of the Middle East casts a dark cloud over prospects for the region. But there are developments pointing towards a different, more positive road ahead. Last week’s publication of a study into the curriculum taught in schools in Saudi Arabia is one such opportunity. In fact, the strides being made in Saudi education are an instructive insight into how the region as a whole might actually look one day.