After hosting a climate change event at the White House on Friday morning, President Joe Biden is on his way to the beach for another long weekend. Monday is a federal holiday for June 16. This is the fourth consecutive weekend Biden is at his home in Delaware.
It looks like Willow the cat is traveling with Biden to Delaware for the weekend. Aide just delivered a basket to the M1 pic.twitter.com/6VY4mfeCMZ
– Jennifer Jacobs (@JenniferJJacobs) June 17, 2022
The trip comes after inflation hit a new record this week and gas prices rose close to the national average of $ 6 a gallon. On Wednesday, the Federal Reserve took aggressive action and raised interest rates. The stock market also fell, wiping out all profits after President Biden took office.
The Fed announced the biggest rate hike since 1994 in its latest attempt to curb 40 years of high inflation, potentially forcing the economy to shrink into recession – thanks to the policies of a president who promised to “build more.” good. ” https://t.co/4IQmHWMOVw
– Spencer Brown (@itsSpencerBrown) June 15, 2022
Here are the elements that really increase inflation:
Car rental 87.7% (change on an annual basis) Used cars 45.2% Gas 45.1% Washing machines 29.4% Tickets 24.6% Moving 17.3% Hotels 16.9% Furniture 8.6 % Bacon 8.4% TVs 7.6% 3% w5% Fruit% 4. cars 5.3% Milk 5.6% Rent (OER) 2.3%
– Heather Long (@byHeatherLong) July 13, 2021
How bad is the actual inflation?
Most importantly – utilities, gasoline, groceries – the current inflation rate is an astonishing 25%, as shown in this chart by Charles Schwab … pic.twitter.com/k1thQ1gACm
– Steve Cortes (@CortesSteve) June 17, 2022
DOOCY: “President Biden once boasted that the stock market is hitting record after record after record on my watch.” How are you now? “
KJP: “So …?”
DOOCY: “All profits from President Biden’s tenure have been erased.”
KJP: “We are facing global challenges.” pic.twitter.com/66kfZpqKdn
– Townhall.com (@townhallcom) June 13, 2022
And now the housing industry will suffer a blow.
When interest rates rise, the debt-to-income ratio for non-cash buyers changes, so they can no longer afford properties with higher prices, which shrinks the group of potential buyers.
Numbers are stubborn things. https://t.co/k6QfPXhN7n
– Brian Morgenstern (@MorgensternNJ) June 16, 2022
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