{"id":1943259,"date":"2023-06-02T20:14:01","date_gmt":"2023-06-03T00:14:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-bidens-bullish-inflation-claims-come-days-after-surprise-uptick\/"},"modified":"2023-06-02T20:16:30","modified_gmt":"2023-06-03T00:16:30","slug":"joe-bidens-bullish-inflation-claims-come-days-after-surprise-uptick","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-bidens-bullish-inflation-claims-come-days-after-surprise-uptick\/","title":{"rendered":"Biden warns of inflation surge following recent unexpected increase."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjoe-bidens-bullish-inflation-claims-come-days-after-surprise-uptick%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1943259&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden Claims Inflation Has Fallen for 10 Straight Months<\/h2>\n<blockquote>\n<p>&#8220;More Americans are working today than ever in the history of this country. And inflation has dropped 10 straight months in a row,&#8221;<\/p>\n<\/blockquote>\n<p>President Joe Biden made this claim during a recent prime-time Oval Office address to the nation. Despite Democrats&#8217; and Republicans&#8217; differing views on the nation and economy, Biden stressed the need for bipartisanship.<\/p>\n<h3>The Reality of Inflation<\/h3>\n<p>While Biden&#8217;s statement may not be entirely accurate, it is true that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-bidens-bullish-inflation-claims-come-days-after-surprise-uptick\/\" title=\"Biden warns of inflation surge following recent unexpected increase.\">annual personal consumption expenditures price index rose<\/a> to 4.4% in April, which is higher than the 4.2% posted in March. The core PCE, which factors out volatile food and energy prices, also rose to a 4.7% annual rate.<\/p>\n<p>However, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/canadian-inflation-rate-slows-to-7-0-though-food-prices-hit-41-year-high\/\" title=\"Canadian inflation rate slows to 7.0%, though food prices hit 41-year high\">consumer price index fell<\/a> to a two-year low in April, and the producer price index registered a two-year low of 2.3% in March.<\/p>\n<h3>The Impact on the Economy<\/h3>\n<p>Despite Biden&#8217;s recent debt ceiling agreement, Fitch announced that the United States&#8217;s AAA rating would stay on a negative watch. The group is monitoring &#8220;the full implications of the most recent brinkmanship episode and the outlook for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/world-bank-sees-rising-risk-of-global-recession-in-2023\/\" title=\"World Bank Sees Rising Risk of Global Recession in 2023\">medium-term fiscal<\/a> and debt trajectories.&#8221;<\/p>\n<p>The Fed has signaled that due to declining inflation, the board could finally cease raising interest rates as a means of combating rising prices.<\/p>\n<h3>Expert Opinions<\/h3>\n<p>According to Ryan Sweet, chief U.S. economist at Oxford Economics, &#8220;odds are rising that we will be altering the forecast for the fed funds rate in 2024, reducing the number of rate cuts.&#8221;<\/p>\n<p>While the White House did not answer questions about Biden&#8217;s inflation claims, it is clear that the impact of inflation on the economy is a complex issue that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/utah-bill-barring-transgender-surgeries-for-children-is-toothless\/\" title=\"Utah Bill Barring Transgender Surgeries For Children Is Toothless\">requires careful consideration<\/a> and expert analysis.<\/p>\n<h3>Summary<\/h3>\n<ul>\n<li>Biden claimed that inflation has fallen for 10 straight months during a recent prime-time Oval Office address to the nation.<\/li>\n<li>The annual personal consumption expenditures price index rose to 4.4% in April, while the core PCE rose to a 4.7% annual rate.<\/li>\n<li>The consumer price index fell to a two-year low in April, and the producer price index registered a two-year low of 2.3% in March.<\/li>\n<li>Fitch announced that the United States&#8217;s AAA rating would stay on a negative watch, and the Fed has signaled that it could cease raising interest rates due to declining inflation.<\/li>\n<li>Expert opinions suggest that the impact of inflation on the economy is a complex issue that requires careful consideration and analysis.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>President Biden stated that inflation has decreased for 10 consecutive months during a recent Oval Office address. However, the Federal Reserve&#8217;s preferred inflation measure increased in April, according to the Bureau of Economic Analysis. Despite Democratic and Republican differences, Biden emphasized the importance of bipartisanship.<\/p>\n","protected":false},"author":1,"featured_media":1943260,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[3620,5476,5708,4395,13005,3633],"class_list":["post-1943259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-biden","tag-increase","tag-inflation","tag-surge","tag-unexpected","tag-warns"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1943259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1943259"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1943259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1943260"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1943259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1943259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1943259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}