Inflation fell two-tenths of a percentage point to a 2.4% rate for the year ending in January, the Bureau of Economic Analysis reported Thursday in an update to the personal consumption expenditures index, the lowest such rate since February 2021, just after President Joe Biden took office. The report is welcome news for both Biden The January inflation report was important information for President Joe Biden and the Federal Reserve.

Inflation fell to 2.4% in January in gauge favored by Fed - Washington Examiner

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