the fed did raise the befnchmar interest rate. president biden as we said met with leader kevin mccarthy. an and mcdonald s reported a big increase in sales. a lot of people opting in for less expensive foods because of a possible recession? maybe that s in. our chief business correspondent here to break it down. eight times. and can i tell you, the 25 basis points last march and then just steady increase again and again and then 25 basis points yesterday, the fed chief says there is more to be done. inflation is starting to turn. it really put it in perspective. eight times. in a year. can i show you, so now you have official interest rates that are knocking on the door of 5%. but it s so interesting. banks savings rates are under
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