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Day: October 31, 2024

  • White House. Statement from President Joe Biden on September 2024 PCE

    White House. Statement from President Joe Biden on September 2024 PCE

    President Biden announced that inflation has fallen to 2.1%, near the 2% target, without a recession, while the economy has grown over 12%—the fastest pace in any 21st-century presidential term. Inflation-adjusted incomes are up nearly $4,000, and gas prices have dropped to $3.13 per gallon, with prices below $3 in 21 states. Looking ahead, the…