Inflation fell from 9.1% in June to 3%.

Americans have lost buying power since Biden became president, raising inflation fears.

Prices rose 15.6% and income 12.2% since January 2021. Trump’s actual earnings were 2.5% higher than Biden’s 1.1% decline.

Since then, real wages have increased, which may slow profit growth in 2024.

Biden’s favor rating is 41% despite lowering inflation, but consumers don’t credit him with the good.

Rising rents have outpaced inflation by nearly 8%, but more tenants will gain.

In January, goods and services inflation hit 14% and 5.7%, respectively.

Biden may need to cut rents to “finish the job” on inflation in a year and gain voter trust.