“President Biden once bragged about the stock market ‘hitting record after record after record on my watch.’ How about now?”
“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.