January 19th, 2024
CBS Austin recently published an article featuring Mark Williams, Master Lecturer of Finance discussing the state of the economy and how Americans are viewing it.
Despite the White House recently praising “Biden’s strong economy”, Americans still feel uncertain about the economy’s wellbeing. Many Americans feel that the economic condition under President Biden is “bad”, proving the economy still has a ways to go to be in a healthy state.
“The higher CPI number than anticipated will force the Fed to take at least one rate cut off the table in 2024…this uptick is also a reminder that the path to 2 percent target rates will take longer than initially thought,” Williams adds.