Biden's America: Record high Bidenflation is hurting growth, consumer spending, and business confidence, S&P finds

[SugarDaddy1]

Inflationary pressures soared in April for both manufacturers and services sector businesses, hurting business confidence and the willingness of consumers to spend, according to survey results released Monday.

The S&P flash services index tumbled in April to a three-month low of 54.7 from 58.0. That missed expectations for a reading of 57.9.

The jump in prices and costs in both services and manufacturing is the latest sign that inflationary pressures may not be abating and inflation may not have peaked in March. The record cost pressure in services demonstrates that claims that inflation is being caused primary by supply chain shortages are likely wrong. Similarly, this means that inflation should not be expected to significantly wane as demand rebalances from goods to services.

https://www.breitbart.com/economy/2...er-spending-and-business-confidence-sp-finds/

 

[pecksniff]

"Bidenflation"? You really are an idiot, aren't you?

 

[BBW_T&A_Lover]

lol breitbart.

 

[phrodeau]

The -flation suffix means being swollen or filled with air, so Bidenflation must be referring to an alleged incident during the President’s meeting with the Duchess of Cornwall.

 

[LukSkyFokker]

Retards not understanding how inflation works are more detrimental.

Also, which of President Biden policies are directly causing it?