Press ReleaseDecember 22, 2023

Job Creators Network Reacts to November PCE Index

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement on the November personal consumption expenditures index, which rose by 2.6%, and Core PCE, which rose by 3.2%:
“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.”