six miles a year. build 70 than 100. choke out the private sector all the small businesses like kevin is talking about, and the states will still be driving inflation because we re out there hiring construction workers, steel, concrete all those things to build the roads because of this infrastructure bill that was supposed be to the inflation reduction act but it s actually the inflation creation act. steve: did you have a good job detailing how high bidenomics is impacting americans spending north of $8,000 more per year. so obviously going into the election, that s what you guys are going to say. but, you know, you look at the biden white house oh by next year the numbers are going to be better for us. right now the numbers are not good for them. well, when they talk about inflation slowing, it s like telling a family that s out there and i would say look, you know, my dad passed away when i was a freshman in high school. my mom went back to work as a single mom with three kids.
telling people they are doing better, they try to get through typical cost of living. carley: if the president is campaigning off bidenomics, the white house is betting on the economy continuing to improve going into 2024. do you think that is true? i think there are a lot of significant headwinds here and around the world. we have seen growth rate in inflation slowing, but people dealing with that compound effect. reality is across the globe now, we re seeing issues with whether it has affected potential food prices and people feel like peak cheap oil and cost of energy may go up because we have done nothing to fix energy issues we face.
deflation. that s prices going back to a leveling where before. and of course a possible example right now is eggs, because that is something people really noticed when they went up. used cars went up a lot, they ve come down the last couple of months. they ve tipped the other way. so part one is housing prices same thing. part one, prices that went up really high are seen deflation, some price declines. more broadly, what we are seeing is inflation slowing. we expect that to keep flowing. housing prices should come in a little softer in the second half of the year. helping to an snarled supply chains. that was a really important priority of president biden, starting when he got into office. and that has helped to push down on goods inflation. we just saw some great work by acting secretary julie su out in the ports. that s really good in terms of keeping the side plains on snarled. that s going to start. the main thing is where you landed, which is we like to see
percent inflation year after year, where should we be, and what should the american worker think of his success? then i get 4% raise and inflation is 3%? yeah, i think there are two ways to think about that. first of all, some of the prices that went way up are coming down, and that actually deflation. that s prices going back to a leveling where before. and of course a possible example right now is eggs, because that is something people really noticed when they went up. used cars went up a lot, they ve come down the last couple of months. they ve tipped the other way. so part one is housing prices same thing. part one, prices that went up really high are seen deflation, some price declines. more broadly, what we are seeing is inflation slowing. we expect that to keep flowing. housing prices should come in a little softer in the second half of the year. helping to an snarled supply
kate, and the state senate passed a bill that would ban abortion at six weeks, addressing some of those changes. but the house hasn t taken it up, seemingly more focused on a near total ban from the point of conception. so interesting, and so interesting to hear from that republican state senator, thank you so much for following this and bringing it to us. john? new data out moments ago shows inflation slowing. what does that mean for the prices you pay? mike pence under oath, the former vice president testifies for more than five hours in front of the grand jury investigating his former boss. minutes away from an historic space walk at the international space station. you can see the ground breaking mission live. 6 the boss. meatballs with m marinara and pepperoni. i get asked so many times - who s ththe boss? if you get the boss you are the boss. try subway s tastiest menu upgrade yet.