I have been posting repeatedly on social media - and here - that the current admin is waging war on the middle class❗ Since the days of President Andrew Jackson the 'Rat Party has styled itself as the party of the little guy. Now they have turned their own history, their own traditions, into A LIE!
Now the Fed and the swamp are heralding cuts in interest rates... that inflation is under control. IMO it is just another lie to plunder the middle class while making the economy to appear temporarily prosperous leading into the election.
A safe estimate of current inflation is 20%. When Ronald Reagan took over Jimmy Carter's high inflation, the Fed established interest rates near 20%. It was temporarily painful but it restored Main Street to prosperity in time. I doubt that that will happen in these present.circumstances.