Job Creators Network Reacts to November PCE Index

“While inflation has finally moderated due to the Federal Reserve’s aggressive interest rate hikes, that’s cold comfort for Americans facing exorbitant prices on goods and services this holiday season. Inflation is cumulative, and the high prices that Americans are experiencing today are already baked. While moderating inflation is good news, many consumers and small businesses will treat today’s minor price changes with a shrug because it does nothing to alleviate the cost-of-living crisis they are experiencing under President Biden.”