• Can Kamala Harris Turn the Biden Economic Record into a Winning Strategy

  • Jul 26 2024
  • Duración: 1 m
  • Podcast

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Can Kamala Harris Turn the Biden Economic Record into a Winning Strategy

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  • The Federal Reserve's aggressive interest rate hikes aim to control inflation, which peaked at 9.1% in 2022 before dropping to 3%. These hikes have led to higher borrowing costs, with mortgage rates more than doubling to around 6.8%. While inflation has decreased, the combination of price and interest rate increases impacts many families. New car prices have risen 24% to an average of $48,000, and median home payments have increased by nearly one-third. Despite a rise in wages, consumer sentiment remains low as many still feel their purchasing power has diminished.

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