CNN Business correspondent Rahel Solomon opined Wednesday that “really high inflation,” which topped 8.6 percent in May, is reshaping American life.
“Well, I think for a lot of Americans, their reality is being shaped by the really high inflation,” Solomon said. The CNN correspondent explained the inflation number reflects higher prices for food and energy in addition to transportation and housing, which she noted concerns some economists.
“I think if you are an American at home, it’s really hard, perhaps understandably, to feel great about the economy right now, even though there are some silver linings, when you’re getting hit so hard with inflation,” she said.
The broadcast aired a few days after CNN published an inflation article with a headline proclaiming Black Americans will bear the brunt of rising prices for housing, food and gas.
Solomon and CNN anchor Ana Cabrera discussed results of a newly released Monmouth University poll during their broadcast. The poll they referenced revealed that 88 percent of respondents believe the U.S. is heading in the “wrong direction.”
Inflation and record-high gas prices are issues that those questioned by pollsters believe are impacting them the most right now.
“I talk to economists, traders and analysts every day about this, and sometimes I find myself shocked when I go to the grocery store and look at prices and think, ‘Wow, this costs this now?'” Solomon said. “And so, it’s understandable.”
If the trend illustrated by the poll numbers continues until the midterm election, Democrats may find themselves in the minority in both houses of the legislature. The U.S. Senate is now evenly divided between 50 Republicans and 50 who caucus with the Democratic Party. Flipping just one seat would swing control back to the GOP and restore Mitch McConell to his former Senate majority leader position.
The House of Representatives is split 220-210 in favor of Democrats, with five vacancies. Two Republicans have died and two resigned, along with one Democrat. It would not take many captured seats to turn the House back to Rep. Kevin McCarthy, R-Calif.
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