Data on changes in American consumer spending and income are good signals for society and the national economy. US President Joe Biden announced this Wrote agency RIA Novosti.
We are seeing the first signs of progress in the fight against inflation and moving towards more sustainable and stable economic growth. “This is good news for the American people,” he said.
Until then, December 1, the U.S. Department of Commerce Bureau of Economic Analysis published In October 2022, Americans’ income increased 0.7% from September and consumer spending rose 0.8%, according to data.
Biden in the second half of October declarationthat the country generates lower inflation rates than most countries in the world. At the same time, he said, gasoline prices are falling in the United States.
In early November, then-GOP congressional candidate Wesley Hollman aforementionedRecord inflation and labor shortages in the United States were the result of the inept policies of the current President Joe Biden administration during the coronavirus pandemic.
Source: Gazeta
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