In January, Joe Biden handed Donald Trump an economy with prices rising about 0.5% in a single month, equivalent to 5.7% per annum.
In May, this annualized rate had fallen to just 1%, which is half the Federal Reserve’s 2% target annual rate.
So much for Bidenflation.
And so much for Tariff Armageddon.
Rob Kerchner
Santa Clarita
