April 9, 2026 | Rapid Response | Sonali Patel

February PCE Inflation Report: Low and Steady U

Rapid Response

February's annual PCE inflation report came in line with expectations at 2.8% — low and steady thanks to President Trump and Republicans.

 


Director of the National Economic Council Kevin Hassett also reported this morning that the administration reduced the deficit by $600 billion last year, credited to higher growth and tariff revenue.

 

Thanks to President Trump and Republicans' leadership, inflation remains low, economic growth continues, and we are reducing our nation's debt quicker than expected.