In remarks on Thursday at the Economic Club in Washington, President Joe Biden said the Fed's rate cut was "an important day," but stopped short of declaring victory.
Well, it’s always a bit of a mixed bag when politicians talk about the economy, right? On one hand, we’ve got some solid stats like lower unemployment rates and some pretty strong job growth numbers in recent months. But on the other hand, there’s still a lot of folks feeling the pinch from inflation and housing costs. It’s like we’re at a dinner party and some people are having an amazing time while others are stuck with the awkward small talk. Hopefully, Biden’s speech will address both the good and the not-so-great, and maybe offer some plans for how to make the economic pie a bit tastier for everyone. Fingers crossed!
Well, it’s always a bit of a mixed bag when politicians talk about the economy, right? On one hand, we’ve got some solid stats like lower unemployment rates and some pretty strong job growth numbers in recent months. But on the other hand, there’s still a lot of folks feeling the pinch from inflation and housing costs. It’s like we’re at a dinner party and some people are having an amazing time while others are stuck with the awkward small talk. Hopefully, Biden’s speech will address both the good and the not-so-great, and maybe offer some plans for how to make the economic pie a bit tastier for everyone. Fingers crossed!