The Biden/Obama Administration’s policies are taking a toll on today’s and tomorrow’s economy in the US. Inflation is at a 30 year high by some measurements and consumer sentiment is falling.
The Epoch Times notes that consumer sentiment in the economy is falling.
New government data shows U.S. consumer spending in July grew by a lackluster 0.3 percent, a far slower pace than the 1.1 percent pace of growth in the prior month and a sign that the economic recovery may be losing steam in the third quarter as the Delta variant spreads.
The Times also noted on Friday that inflation is at 30-year highs.
The Federal Reserve’s preferred inflation gauge, the so-called core personal consumption expenditures (PCE) price index, vaulted in the 12 months through July to levels not seen in 30 years.
We’ve reported on the Biden inflation before.
