But wait " what's that I hear? Not the riotous cheers of American consumers dancing in the streets.

Not a chorus of workers singing about the strongest labor market of their lifetimes, and no " I can't even pick up on the sound of what I'm sure is an army of economists demanding sainthood for Jay Powell.

Instead, the single best economic news of the past decade is but a murmur of chit-chat, barely audible against a clamor of politicos shouting about President Joe Biden's age.

And that has got to drive the Biden campaign absolutely nuts.

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Bidenomics worked and no one cares

For the past three years, President Biden's biggest political liabilities have been painfully obvious: his age and inflation.

One those problems has more or less evaporated " inflation has been steadily cooling, from 9% to 3% on annualized basis, for the past two years.

Consumers are finally expressing some optimism, if not for the economy as a whole then at least for their own personal financial situations, the stock market and cooling inflation.

Bottom line:

Thursday's inflation report is an indisputably positive development that could put some wind in the sails of a Democratic campaign " a powerful blow against the fictional Republican narrative about a US economy in the gutter.

The White House can finally cross out "inflation" on its list of presidential liabilities. But as long as Biden's age dominates the conversation, it'll just be the econ nerds sipping Champagne alone."

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Well, and the frenzied Media is responsible for hiding good news that doesn't get clicks (money) with bad news that does.