Trump slams Biden for ‘raging' inflation after hotter-than-expected March price report
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Former President Donald Trump criticized President Biden for persistent inflation after March's consumer price index (CPI) came in higher than expected. Consumer prices rose 0.4% in March, slightly above economists' expectations of 0.3%, pushing the year-over-year increase to 3.5%. Trump accused the Federal Reserve of protecting Biden and stated that inflation is back and raging. Biden responded by calling on corporations to use record profits to reduce prices and blamed big corporations and Republicans for the high costs of living. The economy is a key issue for voters as both Biden and Trump claim that Americans were financially better off under their respective administrations. The CPI report could signal inflation trending back up and may impact the Federal Reserve's decision on interest rates. Biden's economic gains are being overshadowed by sticky inflation and a large budget deficit. The U.S. economy is currently doing well by metrics like GDP and unemployment, but inflation and the budget deficit remain challenges for the White House. Consumer confidence is showing signs of optimism, but polling indicates that Americans have a positive view of the economy under Trump.

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https://www.cnbc.com/2024/04/10/trump-slams-biden-for-inflation-after-hotter-than-expected-cpi-report.html