President Joe Biden tried to preempt more bad news on inflation Thursday as analysts are watching the release of the Consumer Price Index (CPI), scheduled for Friday.
“Tomorrow, we will get a report on consumer prices that experts expect to be elevated again,” Biden acknowledged in a statement about the economy.
Economists are estimating consumer costs are expected to rise 0.7 percent from the previous month and hit a 6.7 percent jump from last year. That would be higher than the jump in October, which hit a record high of 6.2 percent, the highest jump since 1990.
Biden’s…
