Understanding the Key Drivers Behind Inflation in 2023
September 16, 2023
U.S. economy defied 2023 recession concerns, sparking “Bidenomics” debates. Biden’s strategies, including the American Rescue Plan, boosted wages, and demand. The Inflation Reduction Act aimed to counter inflation, spurred investment, and job creation. Gasoline prices played a major role in inflation, tied to Saudi Arabia and Russia’s oil cuts. The Consumer Price Index reported 3.7% […]