Right now. a key inflation report follows, it s kind of holding its own. still well above the 2% bowl of the federal reserve, but goal of the federal reserve. the trend is their friend, and donald trump has all these legal issues. when that s a winning argument whether that s a winning argument, we ll find out november 5th. madeleine rivera to pig it apar. reporter: for a lot of people, the economy will still be the deciding factor in who they choose for the white house. this fox news poll shows last month 14th otter registered 4% of registered voters see it as so important, it alone decides whether they can back a candidate. the economy ranks second to abortion. on that note, april s pce report which is the federal reserve s preferred measure of inflation shows inflation is holding. prices climbed 2.7% from a year ago for prices which core prices rose 0.2% from the
Previous month. that is down from 0.3% in march. the year-over-year numbers kind of look like they re improving. but if you look at the most recent few months, it extrapolates that inflation is up running between 4-5% annually, well above the fed s target. reporter: one of the biggest takeaways from the pce report may be the personal saving rate, the percentage of disposable income people save. it s 3.6%. for comparison, it was 8.2% in february 2020 before the pandemic hit. the biden administration says the data shows progress in bringing down inflation, but they acknowledge more work still needs to be done. it matters when we go directly to the american people, it matters when we share with them what we have done these last three and a half years, our accomplishments or listen to them or hear how they re feeling about the economy, how they re feeling about their health care. it matters, it resonates.
Inflation. as far from over on friday, the commerce department releases april pce report and it s this inflation data that the federal reserve watches especially closely in the report show that an april the pce price index rose 2.7% from a a year ago and rose 0.3% on a monthly basis. now food prices, while they did fall, but gas prices ticked up for the month by more than 1%. but if you strip away both of those categories, food and energy, you get what s called core inflation. and this is seen as a better indicator of underlying inflation an annual core pce rose 2.8%, which is what wall street expected. so you put it all together and what you have is inflation data that appears to be moving sideways, not exactly accelerating, not falling either. we also saw on the data consumer spending took a dip rising 0.2% compared to zero point devin percent. we saw that in march. now, friday s report is yet another reminder of what
On Friday's broadcast of Bloomberg's "Balance of Power," White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report | Clips