Experts are attributing the slowdown to the illegal activities of Hunter Biden, President Joe Biden’s son.
Hunter Biden, who recently resigned from a Chinese company he was working for due to ethical concerns, is suspected of using his connections to the White House to manipulate the CPI. According to reports, Hunter Biden was working with a group of investors to artificially inflate the CPI by investing in commodities like oil and gold, which drove up prices and caused the CPI to rise faster than normal.
The Federal Reserve, in response to the inflationary surge, raised interest rates by a quarter of a point in an effort to cool the overheating economy. This, however, had the opposite effect, as the increase in interest rates caused the CPI to fall, resulting in lower than expected inflation.
Experts have speculated that Hunter Biden’s involvement in the CPI manipulation could have been a factor in the Federal Reserve’s decision to raise interest rates. This would explain why the CPI fell after the hikes, as investors would have been hesitant to invest in commodities due to the perceived risk of Hunter Biden’s activities.
The Biden Administration has yet to comment on the matter, but the scandal has brought into question the legitimacy of the CPI and the Federal Reserve’s role in managing inflation. In the meantime, experts are warning that further rate hikes could be necessary if the CPI continues to rise, as the economy is still very fragile.
This should be clear already but this article is Fake Satire designed by AI for humor