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inflation
Donald Trump often claims the U.S. economy before COVID was the best ever. But a variety of measures show its actually better now.
Looking to inoculate herself against criticism about the economy, the vice president touted tax credits and moves to keep companies from price gouging.
The Trump campaign tried to spin what most economic experts considered to be good newsinto bad news and they did it badly!
It was the first monthly decline in overall inflation since May 2020, when the economy was paralyzed by the pandemic.
WHAT'S HAPPENING
A tamer-than-expected consumer price index report also likely leaves the Federal Reserve on a path to cut interest rates in the fall.
Led by Sen. Elizabeth Warren (D-Mass.), the senators say high rates may be contributing to higher prices for things like insurance.
The cost-of-living cooled slightly after three elevated readings, likely raising hopes of interest rate cuts.
"As a kid, if your parents drove by it and stopped, you knew you were in for a treat."
Republican critics of President Joe Biden have sough to pin the blame for high prices on the president and use it as a cudgel to derail his re-election bid.
Last months job growth was up from a revised 270,000 in February and was far above the 200,000 jobs that economists had forecast.
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