Fed Who News Today : Breaking News, Live Updates & Top Stories | Vimarsana

good morning. i'm erica hill. we begin this hour with breaking news out of california. paul pelosi, the husband of speaker nancy pelosi, is hospitalized, we have learned, after he was attacked inside their san francisco home. cnn's whitney wilde is joining us with some of the details. this is just unfolding as we are learning, some of the details, whitney, but so far what doe woo know and how is he doing? >> reporter: well, erica, it happened just two hours ago, 2:00 a.m., according to the speaker's press people. paul pelosi was attacked within their san francisco home early this mor...

That standing at or zero of pivoting _ that standing at or zero of pivoting was the right thing to do because it would have communicated that there is something more wrong with the economy, — something more wrong with the economy, especially with inflation still at elevated levels _ inflation still at elevated levels so it was actually a very _ levels so it was actually a very good statement from the fed, — very good statement from the fed, jerome powell said the right— fed, jerome powell said the right things in his first conference and really a lot of the late — conference and really...

>> stop me if you heard this before, but inflation continued to rise in the month of september. i hate to say it, but prices rose modestly, 0.3%. on a headline level, food and energy, those prices rose about half a percent. prices are about 6.2% higher than a year ago. of course, the fed who, by the way, they actually check this report a bit more closely than they do some of the other inflation reports. the fed would like that 6.2% number, erica, to be closer to 2%. that's the target. clearly a lot of work ahead for the fed. now, on the other hand we got some consumer spending data in the same...