‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far
Reported by The Guardian Business, not nibnow. We are not the publisher of this story, only the source is.
Voters are facing years of higher prices, and the economic performance of the current administration is a primary concern as midterm elections approach.
As the US midterm elections approach, we take a look at data to see a true picture of the US economy under Trump With the midterm elections fast approaching, many Americans have the economy on their minds. US voters are exhausted by years of higher prices. Donald Trump won the presidency in 2024 on promises to lower inflation and undo the damage he said the Biden administration had inflicted on the economy. Continue reading...
Inflation refers to the general increase in prices and fall in the purchasing value of money. Midterm elections occur halfway through a US president's term and often serve as a referendum on the administration's policies.
- •Economic data trends leading up to the midterm elections
- •The impact of policies aimed at lowering inflation