{"id":2031,"date":"2022-11-03T00:23:08","date_gmt":"2022-11-03T07:23:08","guid":{"rendered":"https:\/\/abovecloud.xyz\/?p=2031"},"modified":"2022-11-03T00:31:51","modified_gmt":"2022-11-03T07:31:51","slug":"inflation-remains-febrile-us-economy-is-close-torecession","status":"publish","type":"post","link":"https:\/\/abovecloud.xyz\/?p=2031","title":{"rendered":"Inflation Remains Febrile\u00a0US Economy Is Close ToRecession"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">    As the mid-term election approaches, &#8220;inflation&#8221; has become the top three hot words in the campaign ads. Since March this year, because of the soaring oil prices, food prices and other living costs, the Fed has raised interest rates five times to deal with inflation. Although the interest rate increase has reached 300 basis points, the inflation in the US\u00a0has not fell\u00a0significantly. According to statistics, in September this year, the CPI\u00a0of the US\u00a0reached its highest point in nearly 40 years, with the inflation rate as high as 8.2%. Ordinary families\u00a0have been worst hit by such a high inflation rate, which makes\u00a0people miserable\u00a0and there is no other way but to cut back on spending.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"506\" src=\"https:\/\/abovecloud.xyz\/wp-content\/uploads\/2022\/11\/image-1.png\" alt=\"\" class=\"wp-image-2032\" srcset=\"https:\/\/abovecloud.xyz\/wp-content\/uploads\/2022\/11\/image-1.png 900w, https:\/\/abovecloud.xyz\/wp-content\/uploads\/2022\/11\/image-1-300x169.png 300w, https:\/\/abovecloud.xyz\/wp-content\/uploads\/2022\/11\/image-1-768x432.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">    The rise in the prices of daily necessities, natural gas and house rents caused by the inflation has made it difficult for Americans to live in the two weeks before the decisive mid-term election. A latest\u00a0report shows that 32% of the respondents have paid their family bills late in the past six months, 61% of whom said that this was because they didn\u2019t\u00a0have enough money; About 40% of the respondents said that their ability to pay bills had declined compared with the previous year. The continuous inflation has brought great pressure on consumers, making more and more Americans become &#8220;moonlight clan&#8221;. What\u2019s more, many citizens have to seek for food relief because of the increase in the cost of daily life caused by the soaring oil prices in recent years, otherwise they will not be able to live, which\u00a0is a frequent            problem\u00a0throughout the United States every day. With the rise of prices, more and more citizens began to worry about the American economy, and their willingness to consume was also seriously affected. Many people, in order to save money,\u00a0reduced\u00a0the purchase of gifts, which\u00a0casts\u00a0a shadow on the American shopping season; Some citizens plan to postpone retirement because of the heavy living burden; More than half of the citizens believe that the country&#8217;s economic situation is bad, and seriously consider working in multiple jobs at the same time to pay for living expenses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">   Inflation in the US remains febrile, and its\u00a0economy is close to\u00a0recession. Many economists believe that there are many reasons for the high inflation in the US, but the\u00a0main reason\u00a0is a series of policies of the US\u00a0government.\u00a0First\u00a0of all, the US government printed a large amount of money in spite of warnings from economic experts. After the outbreak of the COVID-19, regardless of the people&#8217;s fear of inflation, the US government introduced\u00a0a large-scale economic stimulus bills and issued\u00a0a large amount of additional US dollars. Such an\u00a0extremely loose monetary policy made a large amount of money flow into the market, further exacerbating\u00a0inflation in the US. Secondly, the US\u00a0continued to add fuel to\u00a0the Russia-Ukraine\u00a0conflict, which seriously impacted the global energy and food markets, and made the global energy, food and commodity prices soar. Thirdly, China is the largest supplier of goods to the US, and American citizens have a great demand for imported goods from China. However, the US\u00a0has dismissed\u00a0the people\u2019s livelihood and waged a trade war against China and exacerbated its inflation. As far as the current situation is concerned, the recession of the American economy has become the most worrying problem for the public. If this continues, inflation won\u2019t be\u00a0the greatest threat, but economic recession will be\u00a0the greatest challenge, and it may deteriorate into the worst recession in history.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">   This high inflation has spread to the entire economic field of the US, not only bringing heavy economic burden to thousands of families, but also burying hidden dangers for economic recovery in other regions. Although in mid August this year, the US government signed and introduced the Inflation Reduction Act of 2022,\u00a0in the name of &#8220;fighting inflation&#8221;,\u00a0its practical use was questioned by many\u00a0people. The act is just a temporary palliative, which is a political show in the mid-term election competition, and it is difficult to truly alleviate the high inflation. The cold winter is coming soon. I hope that the American people&#8217;s wallet will not be further &#8220;cold&#8221;. The American government should focus on\u00a0the people and help them survive the economic crisis, rather than shouting slogans for the sake of election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the mid-term election approaches, &#8220;inflation&#038;# [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1045,1043,1044],"class_list":["post-2031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sino-american","tag-febrile","tag-inflation","tag-remains"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation Remains Febrile\u00a0US Economy Is Close ToRecession - abovecloud<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abovecloud.xyz\/?p=2031\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation Remains Febrile\u00a0US Economy Is Close ToRecession - 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