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Romans is here so talk about that. so what do the numbers say? everyone is worried about inflation. >> inflation has been issue number one for american families for a year now. we're seeing overall moderating inflation but still too high. i think these numbers tell you the fed still has work do do. over the past 12 months consumer prices soaring 6.4%, a little bit hotter than economists had expected and when you look at the month over month, up 0.5%. it is shelter and food and gas are the big reasons here. when i show you the chart, you can see the peaking we've been talking about, really impo...

At least not be up 70% for eggs. fox polling shows americans are not feeling so optimistic at all. 86% calling inflation their top concern now with most saying it is not at all under control. 80% describe the economy as poor or fair. nearly 3/4 of americans saying a recession is likely this year. charles, they are not economists and they are predicting things. >> they have to spend money. they say what is coming in their paychecks and how far it goes and doesn't go. they have to predict the future. i this i the word economics is a greek word that involves household budgets, right? people watch...

Prices, what does it mean for the longer term trend for prices -- flattening or still going down? >> yeah, the critical thing is down, but not down as nearly as much as we expected or you would hope if you were as the fed is currently trying to get the inflation back to some kind of normal and it is 6.4% over the last year, and this is really higher than the 2% that we are used to. >> and the attention on the next fed meeting and would have been anyway, and the last one they raised rates 0.25, and following a number of 0.75 raises, but are some looking at this saying they are going to have to ...

Months in a row of that getting a little bit smaller every month, but still 6.4% doesn't feel great when you go to the grocery store or fill up -- you know, buy anything really. >> and those are things people are buying every time they go to the grocery store it's not like something they're buying once a month. the message seems to be long road to recovery, right? >> i think the fed chief had told us this last week, it's going to be a bumpy road and inflation is starting to come down, but we have more work to do. i think that's why it's sort of frustrating at this point because we've seen thes...

A look at the latest news and headlines with Sandra Smith and John Roberts.