The August inflation rate came in this morning hotter than expected at 8.3%.
Breaking News: CPI number is out!
Inflation hotter than (experts) expected at 8.3% from year agoOnce again Main Street knew the number would be hotter than Wall Street.
— Charles V Payne (@cvpayne) September 13, 2022
Joe Biden and Democrats were planning to celebrate their “Inflation Reduction Act” Tuesday at the White House.
Democrats blew another $700 billion in a green energy spending bill and called it the “Inflation Reduction Act” in August.
Democrats believe spending billions reduces inflation.
Joe Biden is holding a celebration of the "Inflation Reduction Act" at the White House this afternoon https://t.co/ROEYCpy0aC
— Charlie Spiering (@charliespiering) September 13, 2022
Inflation is still surging in the US.
Today’s consumer prices report has busted Biden’s spin – inflation is still surging.
Consumer prices have been at or above 5% for 16 straight months. Real wages have been negative for 17 straight months, ever since Biden passed his “stimulus.”
Biden is the Pay Cut President. pic.twitter.com/9VmotvkdOT
— Tommy Pigott (@TommyPigott) September 13, 2022
US markets are down 850 points following the news.
Joe Biden called this “progress.”
Today’s consumer prices report has busted Biden’s spin – inflation is still surging.
Consumer prices have been at or above 5% for 16 straight months. Real wages have been negative for 17 straight months, ever since Biden passed his “stimulus.”
Biden is the Pay Cut President. pic.twitter.com/9VmotvkdOT
— Tommy Pigott (@TommyPigott) September 13, 2022
The post Joe Biden Plans Celebration of “Inflation Reduction Act” then Inflation Rate Comes in Hotter than Expected at 8.3% Annual Rate — Markets Crash appeared first on The Gateway Pundit.