The United States has beaten inflation and we are under 3% right

West Wildwood - The United States has beaten inflation and we are under 3% right now. The worldwide average is 7%. Remember, inflation is not just something that is happening in the US, it’s happening worldwide. One amazing thing about our economy: Despite beating inflation, our GDP is still above 2%. That means we are seeing a historical event: Beating inflation without a recession. That's incredibly rare. Also, the Fed is going to cut interest rates in September. If you want to blame Biden/Harris for inflation, then you have to give them credit for beating it without a recession.