Gas prices are down to below $3 in more than 12 states
The dow jones hit a record high yesterday.
The feds cut interest rates.
Inflation is slowing
Our economy is recovering faster than any other G7 country.
All signs Biden's economic plan is working
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Economic growth is in the 2% and better annual range, unemployment is at 4.2% (a number that is close to what was once thought full employment), while the stock market has been setting new highs. Indeed, the Dow Jones Industrial Average was up more than 500 points as Biden took to the stage.
Those who own homes, stocks or hold their spare money in savings and money market funds have seen their assets rise in value. Seniors have enjoyed higher-than-normal increases in Social Security payments.
“I don’t see anything in the economy right now that suggests that the likelihood of a recession – sorry – of a downturn is elevated, OK? I don’t see that,” Fed Chairman Jerome Powell told reporters on Wednesday.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Lowest inflation rate in the G7.<br>Strongest economic recovery.<br>Bidenomics is in action. <a href="
https://t.co/e4vGLXVkjA">pic.twitter.com/e4vGLXVkjA</a></p>— President Biden (@POTUS) <a href="
">July 16, 2023</a></blockquote> <script async src="
https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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