Majority of Economists Predict Higher Inflation Rates under Trump Presidency Compared to Biden, According to WSJ Survey

Friday, 12 July 2024, 18:49

A recent WSJ survey reveals that most economists anticipate higher inflation levels if Trump were in office versus Biden. President Biden praised a positive inflation report indicating a rare decline in consumer prices for the first time in over four years. The survey underscores the contrasting economic outlooks between the two administrations on inflation metrics.

CNBC — Majority of Economists Predict Higher Inflation Rates under Trump Presidency Compared to Biden, According to WSJ Survey

Key Points:

Economists Consensus: Majority foresee elevated inflation under Trump.

Inflation Trends: Consumer prices decreased in June, a first in over four years.

Survey Highlights:

Expectation of higher inflation rates under Trump’s presidency.
President Biden’s optimism on recent decline in consumer prices.

Conclusion: The survey emphasizes the differing views on inflation prospects under Trump and Biden's administrations.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Key Points:

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