Biden Economy Rebounds to Early-Term Strength

When Biden became president, the U.S. economy was strong but weakened due to high inflation. However, with inflation now easing, the economy has rebounded to its initial strength. The Yahoo Finance Bidenomics Report Card, which assesses six economic metrics, now gives Biden an A grade, the same as his first month in office. This positive assessment is driven by strong performance in employment, manufacturing, and GDP growth. While high inflation initially negatively impacted earnings, recent wage increases outpacing inflation have improved Biden`s score in this area. Although an A grade doesn`t necessarily equate to a perfect economy, it reflects Biden`s strong performance compared to previous presidents. Despite this positive outlook, challenges remain, such as high housing and food costs.