Morning Wire Inflation Slows Slightly & Hunter Biden Burisma Revelations | 8.15.24
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Aug 15, 2024 Inflation has slowed to 2.9%, but experts remain skeptical about its real impact. Concerns about a potential recession are growing amid bank warnings. Intriguing revelations about Hunter Biden's foreign dealings emerge, adding to the political landscape. Meanwhile, Denver faces a surge of migrants challenging local healthcare and safety. The city's efforts to support asylum seekers spark debates around employment practices and community resources.
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Inflation Concerns
- Inflation is slowing, but prices are still rising faster than wages.
- The Biden-Harris administration is touting the slowed inflation, but experts are wary.
Federal Reserve and Politics
- The Federal Reserve is expected to cut interest rates before the end of the year.
- If these cuts occur before the election, it could appear politically motivated.
Harris and Economic Woes
- Vice President Harris is trying to distance herself from economic woes.
- Rising prices in areas like rent, energy, and car insurance make this difficult.