Inflation Cools To Lowest Levels Since February 2021; "Feels" Fools Don't Care

 

The last inflation report before the election confirms that the Biden- Harris Administration got inflation under control:

Inflation has come full circle for the Biden administration.

Consumer price growth slowed to its lowest pace since February 2021 — the first month the president took office, the Labor Department said Thursday in its final inflation report before Election Day.

The data, while a bit hotter than expected, points to an economy seeing cooler inflation even as the job market remains sturdy and interest rates ease.

The twelve-month Consumer Price Index measured 2.4% in September, slightly higher than expectations of 2.3% but down from 2.5% in August. On a month-to-month basis, the index climbed 0.2%, just above expectations for 0.1%...

Inflation under control.  Job market "sturdy."  Interest rates easing (and more easing to come).  Is the reality of the strong economy sinking into the craniums of American voters?  Surely you jest:

The majority of them believe it’s “on the wrong track” or “weak,” according to a September poll of registered voters conducted by the Harvard Center for American Political Studies and the Harris Poll. [snip]

People who have more negative views of the economy are more likely to base their rating on their personal experiences or what they’re hearing from others, which tends to be more negative as well, Joanne Hsu, the director of the university’s Surveys of Consumers, told CNN, based on a recent poll her team fielded. Whereas if you get most of your information about the economy from a news outlet, there’s a higher likelihood you’ll have a more optimistic view of the economy because you’re more likely to come across elements that paint it in a more favorable light.

But the average American does not wait for news to come out to form an opinion on how the economy is functioning, she said. “They’re really relying more on their observations of the world around them.” (our emphasis)

Better to get your vibes from your neighbor Chester and your Facebook friend than a "news outlet!"  So, the "feels" fools are still impervious to "elements that paint [the economy] in a more favorable light" (i.e., "facts").  Wait until they elect the Very Stable Genius Buffoon and his tariffs kick in while the top 5% get billions in tax cuts!  Not to mention the Buffoon's "mass deportation" of migrants that help sustain our economic growth!  Then how will those "feels" be?