people are throwing questions at him left and right. think about the number of hours he s gone just for these 90 minutes. i have dealt with this man when he was a senator, when he was a vice president, and when he was president. and i will tell you he s not the same person he was before, so let s not lower expectations. he s going to be prepared. the best he s ever going to be prepared, so what america needs to judge is this is joe biden at his very top. after previously attacking president biden for his mental acuity former house speaker kevin mccarthy is now warning against lowering expectations ahead of tonight s debate. we ll dig into those comments as both candidates gear up for their highly anticipated matchup. plus, donald trump continues to tease who he will pick for his running mate, telling his supporters the possibilities will show up at tonight s debate. but when will he finally make his choice? and also ahead, another significant abortion opinion was mistak
and interest rates are not budging. one rate cut this year, it hasn t happened yet. welcome everybody, i m neil cavuto. rustica yearly, how all of this is playing out. is like christmas morning for economists. he got the fed decision and the ci reading all in one day be! now rates remain unchanged for now, but the messaging did provide something to chew on. rismond to bring it down to the cpi report and then want to give him it give you his reaction to it. cpi headline numbers came lightly cooler than expected, looking for yearly up 3.4 percent, that came in at 3.. month over month, it remained unchanged so that was good but with that all in context, it is still well above the fed s target of 2 percent. let s switch to court cpi, that is when you strip out food and energy, you see if it s sticky, they came in at 0.2 percent, cooler than expected but higher than the headline month over the month. does that mean? inflation is more ingrained in the items i don t flecks as mu
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