Biden Economy Rebounds to Early-Term Strength

The US economy under President Biden has experienced ups and downs. While initially strong, it weakened due to high inflation impacting purchasing power. However, with inflation now easing, the economy has rebounded to its initial strength. This positive trend is reflected in the Yahoo Finance Bidenomics Report Card, which upgraded the Biden economy to an `A` based on factors like employment, manufacturing, and GDP growth. Although wage growth suffered due to inflation, it has begun to outpace inflation, contributing to the improved economic outlook. Despite this positive assessment, challenges like high housing and food costs persist for some households. Overall, the analysis suggests a strong performance by the Biden economy compared to past presidencies, with job creation and manufacturing reaching notable milestones.