The Biden economy is proving to be a complete disaster.
They are expecting a terrible inflation report to come out Wednesday.
JUST IN ðŸš¨ The White House is bracing for another bad report Wednesday on inflation, Axios reported
— Insider Paper (@TheInsiderPaper) January 12, 2022
The White House is bracing for another bad report Wednesday on inflation â€” but now expects it to slow down by the end of the year, administration officials tell Axios.
Why it matters: The Biden administration had been labeling price hikes as “transitory.” By publicly warning the Consumer Price Index December reading shows inflation will linger through 2022, officials are trying to temper public expectations and minimize the bad-news blow.
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.Â
Follow us on social media:
Listen to our Daily News Podcast!