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Yesterday — 19 September 2024Main stream

After Fed Cuts Rates, Biden Will Claim Credit for Economy’s Strength

19 September 2024 at 17:06
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.

© Haiyun Jiang for The New York Times

In a speech in Washington, President Biden will stress the need for further action to bring down the costs of housing, groceries and other daily necessities that continue to frustrate American consumers.
Before yesterdayMain stream

A Fed Rate Cut Would Cap a Winning Streak for Biden and Harris on Prices

18 September 2024 at 17:04
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race

© Eric Lee/The New York Times

Recent weeks have brought a run of good data on consumer prices and interest rates for the Biden-Harris administration.
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