Dems inflation reduction act disaster
National Review:
White House to Celebrate ‘Inflation Reduction Act’ Hours after Dismal August Inflation News
Thousands of Biden supporters are expected to join the president at the White House Tuesday to celebrate the passage of the “Inflation Reduction Act,” the same day the Bureau of Labor Statistics released a report showing inflation had continued to rise in August.
The report showed that the Consumer Price Index (CPI), a key measure of inflation, increased by 8.3 percent in August when compared to the same month last year and increased 0.1 percent from July.
Many economists had predicted inflation would decline slightly in August. Markets nosedived on the news, with the Dow falling 900 points.
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The cost of food continues to rise along with other items. Clearly, the markets have little faith in the bogus titled "Inflation Reduction Act."
See, also:
Dow Plunges 900 Points after Worse-Than-Expected Inflation Report
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