Tue, Apr 12th, 2022 - 7:43am
January 27, 2023 - 10:44am | By Kyle Cornell
(Washington, DC) -- A key inflation measure watched by the Federal Reserve is meeting expectations.
The Personal Consumption Expenditures price index that doesn't include food and energy rose by nearly four-and-a-half percent from one year ago.
It's the slowest annual jump since October 2021.
On Twitter, President Biden said the data proves his economic plan is doing good things. He contrasted his objectives with that of House Republicans as he claims they want to raise taxes on families.
