Majority of Americans wrongly believe their nation is in recession: Polls
US President Joe Biden has been dogged by low approval ratings over his handling of the economy, despite the strong health of the country’s finances. Some experts believe a so-called “vibecession” could be because Americans are still smarting from high interest rates. Friday’s Personal Consumption Expenditures Price Index - a key barometer for inflation - will indicate whether the US central bank is ready to cut interest rates for the first time since the pandemic. CNA's Kate Fisher reports from Washington.
US President Joe Biden has been dogged by low approval ratings over his handling of the economy, despite the strong health of the country’s finances. Some experts believe a so-called “vibecession” could be because Americans are still smarting from high interest rates. Friday’s Personal Consumption Expenditures Price Index - a key barometer for inflation - will indicate whether the US central bank is ready to cut interest rates for the first time since the pandemic. CNA's Kate Fisher reports from Washington.
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