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high inflationCNBC
•86% Informative
President Biden and former President Trump traded barbs about the U.S. economy during their first presidential debate.
Trump said Biden caused high pandemic-era inflation, which surged right after he took office.
Neither Biden nor Trump are to blame for much of the inflation consumers have experienced in recent years .
But some of their policies likely played a role, too, economists say.
The American Rescue Plan added about 2 percentage points to underlying inflation, an economist says.
The consumer price index peaked around 9% in June 2022 , the highest since 1981 .
The Fed has raised rates to their highest in about two decades , but was initially slow to act, economists say.
VR Score
91
Informative language
92
Neutral language
65
Article tone
semi-formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
5
Source diversity
4
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