US President Biden: Inflation is slowing in 'good news for the holiday season' – by anilpanchal7 UnitedStates Inflation NewsTrading RiskAppetite
red the easing prices for gasoline, clothes and appliances as"good news for the holiday season," while also stating that it would take time for inflation to return to normal levels.Inflation at the grocery stores, thank God, is beginning to slow. Prices for things like clothes, televisions and appliances are going down. That's good news for the holiday season.
Prices could spike again if unions reject a potential contract deal with U.S. railways, the White House has warned, but Biden did not raise the issue during his remarks.The news failed to gain any major reaction amid the late hours of the day, as well as anxiety ahead of the key data/events scheduled for publishing on Wednesday.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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