White House Expecting Another Bad Inflation Report

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The Biden economy is proving to be a complete disaster.

They are expecting a terrible inflation report to come out Wednesday.


From Axios:

The White House is bracing for another bad report Wednesday on inflation — 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.