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U.S. economy roars, while inflation soars
The U.S. economy is beginning to rebound, but inflation is still crippling the American people
The U.S. economy is roaring back to life, after six months of steady declines.
While GDP is also rising, inflation continues to plague American households.
Increased exports are driving the rise. But weak global demand is limiting growth in some areas.
It comes as President Joe Biden says he will crack down on so-called ‘junk fees’ as a way of bringing down soaring inflation.
As part of this, the Financial Protection Bureau is seeking to eliminate billions in banking fees.
They’re also removing hidden charges and extra fees on a range of services like airline and hotel bookings.
Despite this, the White House says there is still plenty of work to do on the U.S. economy.