The "Inflation Reduction" act produces 16-25% inflation in only 2.5 years. A chunk of that inflation is due to Biden's decision to halt oil exploration in the US and to shut down the pipeline.
The "deficit reduction" is........whoops!!.........a deficit increase.
Those events made interest rates jump; a prime 30 year mortgage is now around 7.5%.
So when this sort of report emerges, no one can be surprised.
The leading economic index sank again in September, the 18th consecutive month of declines for the gauge thought to predict future economic conditions.
The Conference Board said its index of leading indicators fell 0.7 percent in the month. The index is made up of ten components that are thought to indicate the future direction of the economy....
No wonder Trump is at 60% nationally.
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