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Biden Hails PCE Report, 'Incomes Up, Inflation Coming Down'

WHITE HOUSE

The White House has released a short statement from President Biden following the publication of personal income and consumption expenditures data earlier today.

  • Statement reads: "Once again, we are seeing signs of our economy recovering and remaining resilient. Today’s report shows that incomes are up and inflation is coming down – while our job market remains strong."
  • "Coming the day after we saw unemployment claims remain low and estimates of economic growth revised upward, it is a winning streak for America’s families, businesses, and farmers."

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