Donald Trump's biggest economic problem looks strangely familiar

The BBC report says Donald Trump faces a gap between economic indicators and public concerns about prices, echoing a challenge Joe Biden faced in 2024. It cites 2.2% US growth, 4.2% unemployment, and wage growth of 3% against price growth of 3.7%.

• The report says US growth was 2.2%, unemployment was 4.2%, and the stock market was near record highs, while prices remained high.· 1 source
• Average hourly earnings rose 3% over the year, compared with a 3.7% rise in consumer prices, according to the report.· 1 source
• The report links price pressures to higher energy costs associated with the US-Israel conflict with Iran and to some trade and immigration policies.· 2 sources