The Biden government failed to curb the inflation in America and the inflation rate in this country faced an unprecedented increase.
Publish dateSaturday 9 July 2022 - 10:32
Story Code : 255451
Afghan Voice Agency (AVA): Inflation in America reached 8.6% in June, which is the highest increase in more than 40 years.
The Central Bank of America has adopted strict policies regarding inflation, and the higher the inflation, the higher the bank interest rate.
One of the factors of high inflation in America is the price of energy. US President Joe Biden will leave for West Asia on Wednesday and will stop at the first stop in Saudi Arabia. Biden is expected to meet with officials from the world's largest oil exporter, but he has said he will not directly ask them to increase production.
Experts are looking to see if this meeting can have an impact on the oil market or not. The price of gas at the gas station is a key issue for success in the congressional midterm elections.
It is estimated that the Democrats will lose at least one of the two federal houses of this country due to the inability of the Biden administration to control prices and the internal problems of the United States.
The Central Bank of America has adopted strict policies regarding inflation, and the higher the inflation, the higher the bank interest rate.
One of the factors of high inflation in America is the price of energy. US President Joe Biden will leave for West Asia on Wednesday and will stop at the first stop in Saudi Arabia. Biden is expected to meet with officials from the world's largest oil exporter, but he has said he will not directly ask them to increase production.
Experts are looking to see if this meeting can have an impact on the oil market or not. The price of gas at the gas station is a key issue for success in the congressional midterm elections.
It is estimated that the Democrats will lose at least one of the two federal houses of this country due to the inability of the Biden administration to control prices and the internal problems of the United States.
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