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Unemployment has fallen, but inflation has risen, and Americans are not happy about it.
There are many measures that define a successful first year in office, and when you add a pandemic, there is even more to navigate. Joe Biden, who began his term as President of the United States in January 2021, and his team say he has been successful.
The U.S. economy was recovering faster than most others from the pandemic. Based on some of the top 10 market indicators, the economy has improved more in Biden’s first year than any of its predecessors in the last 50 years. The stock market is growing, unemployment is falling and wages are rising. But inflation has been the biggest gain in 12 months in 12 years.
Elsewhere, why Turkish President Recep Tayyip Erdogan has cut interest rates despite rising inflation.
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