Inflation and consumer sentiment readings tough for Biden in election year

Published May 17, 2024 4:45am ET



Inflation has not fallen anywhere near where the Federal Reserve hopes, and consumer sentiment is souring as a result — bad news for President Joe Biden, who is working to shore up support in an election year.

The economy is one of the biggest issues this election cycle. In past elections where the economy has featured prominently, the biggest concerns are usually jobs or unemployment or fear of a recession. This year, and for the first time in generations, inflation is the big concern.

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