Inflation eased to 5% in March, its lowest level in almost 2 years
CBSAUG 2023
After a year of soaring prices dominating the public's attention, the tide may be turning. Actions taken by the Biden admin. and the Fed have been successful, and inflation is no longer considered an emergency issue. With the CPI standing at an annual rate rise of 5%, its lowest level since 2021, painful interest rate hikes could soon ease.
While a welcomed sign, inflation is still way too high, and American families are struggling to stay afloat. Democrats have neither answers nor solutions: Their tax-and-spending policies only worsen the economic burden on families, yet Biden wants taxpayers to foot the bill for his $6.9T budget spree that will send inflation soaring even higher.