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Axios
Axios

Election results' message: Americans want things cheaper

Donald Trump Inflation Economy Virginia
Data: Bureau of Labor Statistics; Chart: Axios Visuals

The decisive Democratic wins on Tuesday contain a simple message to people who set economic policy: Americans really, really want stuff to be cheaper.

The big picture: Economists take comfort in the fact that the rate of inflation has come down dramatically from its 2022 peak, and that tariffs are likely to cause only a one-time price bump.

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