CBS, NBC Promote Negligible Inflation Decrease, Plant False Optimism

Following yesterday’s Federal Reserve announcement, an inflation report, and a stagnant interest rate, CBS News and NBC News spoke highly of the changes regardless of the truth of the US economic pain. Though the hosts eventually spoke about the issue, in the end, the segment emphasized this false optimism and normalizing the economic situation of the country, while disregarding President Biden’s part in it all. Just in time for the election.

Business analyst Jill Schlesinger delivered a truly naive view of a very real problem for many Americans and spoke of the prices of everyday purchases with great positivity despite many coming down by less than a percentage point:

So look at some of the categories that actually went down last month. Gas prices! Yay! Right ahead of the summer driving season. (...) Clothing. That's down. (...) Groceries were flat, but new and used car sales -- sorry -- prices down. Unfortunately, things are still higher than they were, of course. We think housing, you think insurance costs. Those are still persistently high.

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