Inflation soared in the last year, and Americans are very concerned about it.
Rasmussen Reports released new polling data this week showing that inflation and the economy is the leading concern for American voters.
“With inflation near an all-time high and fear of a recession looming, economic issues are most important to American voters,” Rasmussen said.
The poll found Americans have become even more concerned since last month.
“A new Rasmussen Reports national telephone and online survey finds that 91% of Likely U.S. voters are at least somewhat concerned about inflation, including 69% who are Very Concerned,” Rasmussen said. “Inflation worries have increased since last month, when 87% of voters were concerned about the issue.”
The latest inflation data shows it remains elevated with the producer price index rising at 10.8% in the last year, and consumer prices rising at the fastest rate in decades.
Now, the Federal Reserve has hiked interest rates to combat inflation, but that could make the economy much worse.
This FED is so weak, so afraid, and so misguided that it refused to admit interest rates would indeed need to be WAY higher by year end to control inflation.
And the market plunged at today’s open as traders begin to realize what I’ve said all along:
THIS FED IS CLUELESS.
— Trish Regan (@trish_regan) June 16, 2022