Tuesday local time
Just U.S. stock market
When Authority Plummets Due to Persistent Inflation
US President Biden
But at the White House for the letter signed last month
Inflation Reduction Bill Celebrated
It's this ill-timed event
angered by the American public
Criticize Biden for being ungrounded
Biden ignores U.S. economy facing interest rate hike
recession risk
Continue to increase dialogue and competition
The latest executive order was signed
The decoupling of the US-China biological sector has been implemented
White House party on Tuesday
with american folk singer james
Taylor's song kicks off
Set off the atmosphere
Not only was it not mentioned at the party
Consumers announced earlier
Dismal figures for price index CPI
and the resulting stock market crash
Also claims that the recently passed inflation
Cut bills will help lower inflation
The latest figures released by the U.S. Department of Labor today show that
U.S. consumer price index CPI rose 0.1% in August
up 8.3% year-on-year
food
Healthcare and housing contributed the biggest gains
Offset a sharp pullback in gasoline prices
Analysis
The high CPI year-on-year growth rate
Reinforced the Fed
Expectations of Continued Aggressive Gassy
And the West will undoubtedly intensify
Risk of a U.S. recession
U.S. Treasury Secretary Yellen reluctantly admitted on Sunday
U.S. economy faces recession risk
because
Action to fight inflation could slow U.S. economy
Affected by bleak CPI data
The three major U.S. stock indexes plummeted across the board on Tuesday
Nasdaq Composite Index hits
Biggest one-day drop since mid-March 2020
S&P 500 Index
upside down
Both hit the biggest one-day drop since mid-June 2020
Thoughts at the beginning of each year
That's the way to get this raise
to reduce this liquidity
Then come to reduce this uh government come he is here
this investment in the market
then to reduce this
Uh this market demand and this investment
Then this back
The body will reduce this America
his economic dynamism
then back
may have sparked this new recession
such a risk
That's why in Jiang
between the West and this recession
He's actually a dilemma
It can be said that the gourd is darkened and the scoop is floating.
There is no better way of this best of both worlds
and later in the day
When asked about U.S. stock performance and inflation data
Biden simply responded that there is no need to worry
the dock
market doesn't necessarily reflect the state of the economy
as you well know and
economy still strong
unemployment slow jobs are off manufacturing is good
so i think it's
gonna be fine
Thanks Biden
is for a bill called Inflation Cut
big celebration
But the reality is that inflation has not been effectively alleviated
Related topics sparked heated discussions on social platform Twitter
Many American netizens criticized Biden for being ungrounded
United States House of Representatives
raise
Payments committee staff said on social media
For most low-income families
Rising prices have become a major source of financial stress
Since the current administration of the United States
Inflation has drained savings of 26 million low-income households
so-called inflation
Cutting the bill will only make things worse
The New York Post reported that
Biden's festivities begin shortly before
white house press secretary jean pl
He was questioned by US media reporters at the press conference
Are you worried about the current economic situation?
Out of tune with today's celebration
Let pl respond by saying this is not our celebration
but the victory of history
America's Victory
that is a huge huge historic
historic win for the american people
it's not about us celebrating it's about the win
for the american
CNN
Posted on the day of the live broadcast of Biden
During speeches touting inflation-cutting bills
Seems to realize the timing is not right
The signal was cut off immediately during the live broadcast
The Wall Street Journal previously reported that
Democrats
The inflation reduction bill that has been strongly supported and promoted
It's actually a Biden aide
Hope before the November midterm elections
Legislative outcomes that boosted their approval ratings
The CPI has soared
on that
aggravating the difficulties of life of the American people
also led to the performance of the Biden administration of his administration
in the minds of the people
This constant brush dripping
Biden's Inspiration
This has been hovering around 40% in recent years
Then as this winter draws near
Including this energy ah this gasoline price
If he further this rise
so will that
Further spawned the rise of this cpr index
This is for this midterm election
for a Biden administration
definitely not good news
actually inflation
Not only does it greatly increase the cost of living of the people
and the financial burden of the business
even adversely affect U.S. defense procurement
U.S. Defense
The industry association said in a report released this week
The U.S. Department of Defense expects additional fiscal year
$42 billion in funding
to cover the procurement budget
Funding gap due to rising prices
The report also pointed out
From FY 2021 to FY 2023
U.S. Department of Defense
total purchasing power lost to inflation
will exceed $110 billion
Reuters warns
due to rising costs
The U.S. defense industrial base is losing money
Some small housekeeping companies complain that
Due to worker shortages and soaring raw material prices
Their contracts are costing themselves money
Road Investment believes that
Inflation triggers decline in U.S. defense industry supply capacity
will undoubtedly slow down the pace of US defense modernization
U.S. defense spending has soared in recent years
Substantial increase in this every year
But what about the government's budget?
His plate is so big
If it is said that in national defense
Spending too much on this
he is in the economy
This investment in social welfare
will relatively decrease
The reduction in social welfare
Especially for those in the lower middle class
improve their standard of living
will further come this pull down
This may spark dissatisfaction with their progress
led to an increase in the social stability of the United States
added this negative
Since March this year
in response to oil prices
General surge in food prices and other living costs
4 times per year
Western Canada has accumulated 225 points
But U.S. inflation has yet to drop significantly
high inflation
It is a series of domestic and foreign policies of the US government
joint consequences
The U.S. wields the stick of trade sanctions
Disrupting the commodity production chain supply chain
It is also an important reason for promoting domestic inflation.
But the Biden administration doesn't plan to stop there.
U.S. President Biden on Monday signed a
Launch National Biotech
and Biomanufacturing Initiative Executive Order
over the past 20 years
With the refinement of the global division of labor
There are quite a few drugs manufactured from the United States
Europe and Japan moved to China
Washington think tank Center for a New American Security
Report published in July
warn America
The dangers of falling behind China in biotechnology
Fortune Magazine said
Biden's New Executive Order Gives U.S.-China Economics
Competition adds a new frontAugust 9th
Biden formally signs chip and science bill at White House
Provide huge subsidies to the domestic chip industry in the United States
Implement differentiated industrial support policies
In addition, the U.S. government is also courting South Korea
Japan, Taiwan, China
Hong Kong's so-called Chip Quartet
But the U.S. plan
Decoupling from China in biotech and chip industries
This means that more capital is required
and greater cost pressure
But in recent years
U.S. spending on technology research and development continues to shrink
Aestheticians have previously warned
U.S. investment in R&D
has fallen to its lowest level in decades
But other countries are growing rapidly
Mao Ning, prisoner of the Ministry of Foreign Affairs
In response to Biden signing the relevant executive order on Tuesday
means when
Economic globalization is an objective fact
also a historical trend
We hope the US side will respect the laws of the market economy
and fair competition
Don't artificially hinder global scientific and technological exchanges
and trade