Pce Numbers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

situation is fluid. we'll 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 president's 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. couldn't come at a better time with the midterms fast approaching and democrats fighting to hold on to control of congress. and there are policy challenges from the war in ukraine to securing t...

And despite shrinking economic activity, the biden administration maintains the country is not in a recession. >> we've 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. i'll 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 labor market has remained very strong. now we're seeing the new pce numbers, personal consumption a...

Carts that people are filling up are 50 to 75% more in prices. it's a tangible pain for the average american family. they're feeling it. great to have you here. >> economists don't account for that. they use their pce numbers and exclude food and energy prices, which is always crazy. it doesn't affect the normal person. >> sandra: i lump that in there with gasoline, oil prices up and gas up a dollar from a year ago. it's a costly trip to the grocery store. right? very good to have you here. >> certainly is. president biden on his way back to the white house after visiting pittsburgh after taki...