On Monday, President Biden delivered an address about the economy — during which he especially focused on inflation concerns.
As The Daily Wire reported, American consumers’ expectations for inflation — as officially measured by the Federal Reserve Bank of New York — have reached record highs. The Survey of Consumer Expectations reveals that median one-year inflation forecasts among consumers climbed to 4.8% in June — a 0.8% increase since last month alone. In January, February, March, April, and May, one-year expectations were 3.0%, 3.1%, 3.2%, 3.4%, and 4.0%, respectively.
.png)
.png)
