Improved US macroeconomic indicators will allow the White House to effectively neutralize the narrative of “Bidenflation”

The March employment report, which showed 303,000 jobs added, exceeded market expectations, marking the 39th consecutive month of employment growth in the US.

These positive macro indicators, combined with the fact that the US Federal Reserve refused to raise the discount rate in March, which it has kept at the same level of 5.25%—5.5% since the summer of 2023, indicate further sustainable economic growth in the United States.

The target rate is expected to decrease to 4.6% by 2024. The Fed’s decision was motivated by expectations of a decline in inflation. In 2024-2025, inflation should fall to 2.4% from the current level of 3.2%.