Why cooling inflation, and improving US economy are not good for Donald Trump? Will he now slam "Kamalanomics"?
Donald Trump, the Republican candidate for the US Presidential Election 2024. If reports are to be believed, inflation is on track and it seems to fall back to the Fed Reserve's 2% target by the end of the year. Similarly, the Consumer Price Index continued to cool last month to 2.9%, below the expected 3% yearly increase.
Why cooling inflation is not good for Trump
Political commentators believe it may create problems for Donald Trump who has been attacking Kamala Harris on economic issues. Though the vice president has tried to distance herself from some unpopular aspects of Joe Biden's economic records, the Republican candidate has started attacking her on inflation and unemployment rates. The signs of recovery in the US economy may make Trump’s task more challenging.
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Trump: Situation coming under control
It became evident that Donald Trump may not find the improving economic parameters good on Wednesday evening when he traveled to Asheville, N.C., for a speech on the economy. He focussed on the overall 20% increase in prices since Biden and Harris took office and kept on attacking them. However, he could not deny the new inflation data and admitted that the situation has started coming under control. The former president highlighted areas like car insurance, where prices have jumped dramatically over the last three and a half years.
Will Donald Trump attack
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