White House. President Biden: August PCE Report Shows Inflation Down to Pre-Pandemic Levels, Economy Grows Over 10%
The August PCE report indicates that inflation has fallen to 2.2%, mirroring pre-pandemic levels, while reduced interest rates are making it easier for Americans to purchase homes, cars, and operate small businesses. President Biden pointed to an economic growth rate exceeding 10% during his administration, along with increased incomes and stronger savings for families. He…