Summary

President Joe Biden highlighted his administration’s economic record, citing consistent job growth and a 2.7% inflation rate drop from its 2022 peak.

December’s jobs report showed 256,000 new jobs and declining unemployment, signaling steady economic growth.

However, inflation remains above the Federal Reserve’s 2% target, and interest rates remain high, impacting homebuyers and businesses.

Public pessimism lingers on affordability as Biden passes a largely strong economy to his successor, Donald Trump.

    • octopus_ink@lemmy.ml
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      1 month ago

      That’s fine, we’ve got other options. Let’s just see how big the disconnect needs to get before we start taking them.

    • Maggoty@lemmy.world
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      1 month ago

      Deflation is fine. Plenty of countries have been through deflation and they haven’t exploded. Japan is probably the best example.