Inflation in the United States, which is already at 40-year highs, rose to a record 9.1% in June, the highest inflation rate since 1981. President Biden dismissed the terrible inflation numbers as 'outdated.'
WASHINGTON D.C. – Inflation in the United States, which is already at 40-year highs, rose to a record 9.1% in June, the highest inflation rate since 1981.Economists fear the record high inflation will force the Federal Reserve to hike interest rates once again, which may price people out of homes they would have been able to pay for just a few months ago.
Consumers have no confidence in the current economy, and President Joe Biden is facing record low approval ratings, with many Democrats saying they hope he doesn’t run again in 2024.
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