is working, and that the fed may finally be able to start dialing back on its interest rate hikes. an aggressive fed weighed on markets this year especially tech. the nasdaq is still down nearly 30% this year, but the fed may need to seek fu further evidenc cooling before it backs off on super high interest rates. remember, economists, investors even the fed fooled how stubborn inflation has been and we do get another inflation reading on tuesday with the october producer price index. that measures what companies pay. despite of a slowdown, overall inflation is still near 40-year highs, and that is making it tough for both businesses and everyday americans. we just learned that consumer sentiment in early november took a surprise hit falling back to near record lows. in large part because of this high cost of living, and surging
four points the bottom number in that first year, you re able to lower the risk of dementia by about 13%. this is really a great lesson for people about the value of lowering blood pressure not only for heart attack and stroke but potentially for lowering dementia risk. we don t know if there s certain antihypertensive drugs or certain ages this should be started or if somebody has normal blood pressure if we were to lower it. there are questions we need to answer but this is a big step forward. this could be huge drmpt narula, thank you so much. thank you. just in, the latest inflation report is here. cnn chief business correspondent christine romans is here. what are you seeing in the report? hi, guys. this is the last big inflation reading before the fed s next meeting where they re expected to raise interest rates sharply again because of high inflation. i think this number will pretty much bolster the fed in its
it s not good enough for the voters going to the polls already. neil: it was a different race, different time. but when george bush sr. ran against bill clinton and said we were coming out of the recession and that was hurting him in the polls and lost him the election, he was right. we were coming out of it but it was too little too late to help. a lot of times the cake is baked as they say in the second quarter of an election year. so when views harden among voters, particularly in the post labor day period. we ve had a few weeks here. what they ve seen is gas prices going up. that last inflation reading was as bad as it s been. so voters have made up their mints what they think about the economy and who is responsible for it. neil: thanks, tom. if it s a case of democrats potentially, still a ways to go, peaking too soon, did they put
view of the economy will be extensive . then he quotes this. consumers continue to spend with solid balance sheets and jobs are plentiful and businesses remain healthy. but left off of what jamie dimon said was the following. however, there s significant head winds in fronts of it s, high inflation leading to higher interest rates. he said similar things earlier. now, klain is misleading americans about the true state of this economy. why do they think that will work when it s a simple fact check, tom? because they have to. they re putting the best spin on the economy that they have. they can t biden did this earlier this week in an interview. he acknowledged a little bit of reality but said he doesn t believe we re in a recession and if we go in one, it will be a little bit. the economy inflation is the number 1 issue across the board for the vast majority of voters across the country. we had the final inflation reading before people go to
the final inflation reading before peopl e go vote.n four it was eight point two percent,a the highest it s been ing 40 years. so it is clearlyrats all a drag on the democrats all across the country. and so the administration is is tryingadministon i to deflect and putca the best spin on this. they can. t there justpeople really is no good spin becausehi the american people are seeing this in their daily lives. ir go fill up their tank and go tog the grocery store. well, and mike, i think the phrase inflation is transitory. the sentence inflation is transitory is really going y go comese e that back to bite these democrat candidates, maybe not just in this election. s.but maybe going forwardin as well. do you agree, given what w tom saidel, eight point two percent, just devastating for american families? yeah,vastatinamerican this ig the budgets of american families. this is a bidefamiliesn tax hike with this inflation and the american people get to decide in three weeks to two wee