Biden prescribes patience as U.S. anticipates resumption of GDP growth and retreat of consumer inflation

President Joe Biden is urging the nation to hold on when it comes to comforting Americans about an economy that is a struggle for his party during an election year.

It is a message of patience in the last weeks of the campaign season when voters will decide the fate of vulnerable Democrats and control of Congress

while being buffeted by continuing inflation, worries about a recession, and the possibility of rising oil costs.

Two profoundly distinct trends are emerging in the economy, which is worth more than $25 trillion.

Although the third quarter of the gross domestic product is expected to show a positive reading and there is a realistic chance that one of the preceding months' negative readings may be revised higher,

However, employment growth has continued, with 263,000 additional jobs added in September, a sign of a strong economy.


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