• Thursday’s report is bad news for Democrats. Republicans will undoubtedly use the final CPI reading to make the case against Democratic policies. Republicans will point to federal spending pushed through by Democrats as a key reason for the soaring prices and why inflation still hasn’t ticked down to anywhere near reasonable levels.
• Because of the priority that voters place on inflation and the economy, Thursday’s report is likely to hinder Democrats’ efforts to hold on the House and the Senate. Odds are tilted in favor of Democrats for retaining the Senate and Republicans in the House, although it is yet to be seen how the new inflation numbers play into the political calculus.

Tagged: #Bidenflation