President Biden is losing support in key battleground states amid growing pessimism among voters about the state of the U.S. economy, according to a new poll. Findings published Wednesday by Bloomberg News/Morning Consult show that Biden trails former President Donald Trump in six of the seven swing states that are likely to determine the outcome of the 2024 presidential election.
Since then, progress on inflation has largely flatlined. Although the consumer price index has fallen considerably from a peak of 9.1%, it remains well above the Federal Reserve's 2% goal. And when compared with January 2021, shortly before the inflation crisis began, prices are up a stunning 18.94%. On top of that, many families have yet to see material relief. Food prices are up 21% from the start of 2021, while shelter costs are up 20%, according to FOX Business calculations.