Economy

Biden touts wage growth, slower inflation forecasts after another surge in prices

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US President Joe Biden, speaks about rebuilding manufacturing on February 8, 2022, from the South Court Auditorium in Eisenhower Executive Office Building, in Washington, DC. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

BRENDAN SMIALOWSKI | AFP | Getty Images

President Joe Biden on Thursday touted wage growth and forecasts for tapering inflation even after a new report showed that prices are still rising at their fastest clip in 40 years.

“While today’s report is elevated, forecasters continue to project inflation easing substantially by the end of 2022,” Biden said in a press release. “And fortunately we saw positive real wage growth last month,…



Source cnbc.com

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