spending. and let s begin in washington, d.c., where the federal reserve has just announced its latest decision on interest rates. economists predicted an eighth straight rate increase as the central bank tries to tamp down inflation without causing a recession. matt egan is inside the federal reserve. what s the decision? reporter: 25 basis points, the fed just delivered its eighth straight interest rate hike, lifting interest rates to the highest level since 2007, all part of the fed s quest to get inflation back down to healthy levels. but importantly, the fed is dialing back the pace of these interest rate hikes. going from 75 basis points this past summer and this past fall to 50 basis points in december, to this more traditional move of 25 basis points today. now, this was widely expected, widely telegraphed, and yet, it is a significant strategy shift, nonetheless. the fed is still trying to slow this economy to cool off inflation, but they ve gone from slamming the
katy tur. here we are again, another fed meeting and another expected rate hike. we re going to get to the number in just a second. it is expected to be a quarter of a point. we re going to see how the markets react to that because they have been on a relative upswing and we re wondering does that trend continue? we are also watching as you well know, memphis. the funeral for 29-year-old tyre nichols is today. and supposed to begin right about now. weather has been delaying it, so we ll go there as soon as it does start. but again, there is breaking news from the fed. just confirmed, they are raising it, interest rates, by a quarter point. joining me now is nbc news business and data reporter, brian cheung. a quarter point, what can you tell us? the nation s central bank, the steward of the u.s. economy raised interest rates by .25 percentage points in their meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was at 6.5
days away. candidates are scrambling to make their final pictures to voters. as a country we are confronted with serious issues. including the volatile economy. war in the ukraine, weakening democratic institutions and a spiraling effects of climate change. and yet many republicans have narrow their focus to a few familiar and divisive topics. from sea to shining sea, gop hopefuls are digging into a very old bag of racially tinge tricks. to paint a picture of a country ravaged by out of control criminality. there is little evidence to support these claims and even last to connect the supposed crime waves to democratic candidates. this fall or discontent follows a summer of overreach. many of the same republicans applauded a supreme court ruling. allowing states to outlaw abortion and then doubled down on it. by calling for a national ban. many americans are understandably outraged. to see a right, they cherished for half of a century. and in the blink of an eye and the true p
europe with live reports from made grid and the cnn weather cen center . live from cnn centre, this is cnn newsroom with kim brunhuber. we begin with more fallout from the fbi search at donald trump s florida estate. sources now telling cnn that one of the former president s lawyers signed a letter back in june saying there were no more classified information stored at mar-a-lago but of course we learned earlier this week this federal agents recovered 11 sets of classified documents during their search including several marked top secret. meanwhile two high ranking house democrats are now asking intelligence officials for a damage assess themenment of the documents. writing that the former president s conduct has potentially put our national security at grave risk. all this comes as the fbi is dealing with what it says is an unpress departmented number of threats against the bureau in the wake of that mar-a-lago search. katelyn polantz is in washington with the latest
city. how the immigration battle between texas governor greg abbott and new york mayor eric adams is heating up. a boom caused by a meteor. details on that and more just ahead. welcome to a new week. we re grateful you re starting it with us this sunday, august 14th. good morning, amara. good morning. feels like the week went by really fast and we re already at a new one. a ton of news, right? a lot of news. you to took the words out of my mouth. the recovery of top secret classified documents by the fbi, sources telling cnn that one of trump s lawyers stated back in june that there was no more classified information being kept at mar-a-lago. but the fbi searched the former president s palm beach home and seized 11 sets of classified documents, some of which were marked top secret. meantime, on capitol hill, both sides of the aisle are calling on investigators to release more information on exactly what led to the search. adam schiff, the democratic chair of the h