Birdwatch Note Rating
2023-05-26 19:21:23 UTC - HELPFUL
Rated by Participant: 1D43FF4F1F494F21DE80B535A3D86233B62CDE46DBB924B27CED2DA9180E8A10
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Original Note:
According to JP Morgan, inflation is being driven by higher energy prices, food, rent and consumer goods not addressed by the Inflation Reduction Act (IRA). The IRA was primarily a spending bill on climate initiatives and health care subsidies. https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/how-will-the-inflation-reduction-act-impact-the-economy/
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