Pce Numbers News Today

situation is fluid. well be listening to what nancy pelosi has to say. and it gets to a larger question, is momentum building for some big wins, a bill that helps us compete with china now heads to the presidents desk for signature. and democrats have senator manchin on board for a bill they are calling the inflation reduction act that addresses everything from climate change to health care. couldnt come at a better time with the midterms fast approaching and democrats fighting to hold...

And despite shrinking economic activity, the biden administration maintains the country is not in a recession. >> weve entered a new phase in our recovery focused on achieving steady stable growth. >> and sam brock is here to break down the complicated state of our economy. sam, good luck. >> reporter: thank you, appreciate it. ill take all the help that i can get. it is nothing if not a complicated muddy economic picture. you have an economy that is contracting, sky high inflation and yes the l...

Carts that people are filling up are 50 to 75% more in prices. its a tangible pain for the average american family. theyre feeling it. great to have you here. >> economists dont account for that. they use their pce numbers and exclude food and energy prices, which is always crazy. it doesnt affect the normal person. >> sandra: i lump that in there with gasoline, oil prices up and gas up a dollar from a year ago. its a costly trip to the grocery store. right? very good to have you here. >> certai...