Politics

Inflation Was Worse than Expected at 8.2% Despite Biden’s Absurd Claims

Biden keeps claiming that inflation is no big deal, he will control it, and we should all just wait it out. But, it keeps getting worse, and the latest report tells us it his 8.2 percent over the last year.

Per the Washington Examiner:

The much-anticipated numbers reported by the Bureau of Labor Statistics on Thursday revealed that while it ticked down by one-tenth of a percentage point, inflation is still higher than anticipated and defying the Federal Reserve’s aggressive interest rate hikes.

Worse, “core inflation,” which strips out volatile food and energy prices, rose sharply in September. On an annual basis, it rose to a whopping 6.6%, the highest since 1982.

Stocks immediately took a hit upon the news breaking. Futures of the Dow Jones Industrial Average were down some 500 points just minutes after the report’s release. The S&P 500 was off by about 2%, and the tech-heavy Nasdaq plunged nearly 3%.

This is not the end of it. We know that it will be getting worse. And it is getting worse every day.

Pay attention, America. You can fix this on Election Day.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston

Cross-posted with iPatriot

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Warner Todd Huston

Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN, and several local Chicago News programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a "target rich environment" for political news.

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