“President Biden once bragged about the stock market ‘hitting record after record after record on my watch.’ How about now?”
KJP: “Meaning…?”
“All the gains from President Biden’s time in office have been wiped out.”
KJP: “Putin’s price hike.”
— Ian Miles Cheong (@stillgray) June 13, 2022
Investors are contending with a volatile economy. They are uncertain if, and by how much, the Federal Reserve will raise interest rates to counteract rising inflation, stoking fears of a recession, the Wall Street Journal reported.
Consumers prices reached their highest point in over forty years, as the Consumer Price Index (CPI) rose to 8.6% over the last year.
