Biden's Inflation Bragging Fails to Address Rising Prices.

Retail sales dropped by 1% from February to March, a sharper decline than economists expected. U.S. manufacturing output also fell by 0.5% in March, as U.S. and global demand for American goods softened. Consumer spending powers the U.S. economy, and when wallets grow thin, it’s worrisome. The interplay between spending and inflation directly affects Biden’s reelection prospects, assuming he runs again, as he has indicated. The latest price data shows inflation dropping to 5% in March, from a peak of 9% last June.