through this transition stronger and more secure. also this morning, we learned that 256,000 people filed first-time unemployment claims last week. that s a slight decrease from the week before. this comes one day after the federal reserve raised its benchmark federal funds rate by three-quarters of a percentage point. it s the fourth rate hike this year. here s what this means for you. it is more expensive to borrow money for a mortgage, a car loan, a student loan and your credit card interest rate is about to go up. federal reserve chairman jerome powell insists the economy is not in a recession, but he says economic activity is slowing. growth and consumer spending has slowed significantly. in part reflecting lower real disposable income and tighter financial conditions. activity in the housing sector has weakened, in part reflecting higher mortgage rates. and after a strong increase in the first quarter, business fixed investment also looks to
entire pandemic even when we were forced to close by the local government, the mandated closure in half of march and april. i did battle back and i did get caught up. steve: you got caught up because you put it on your credit cards. a lot of the debt on the credit cards. the credit card interest rate. we have seen what s happened with interest. martin, that s going to kill you. well, sometimes you go ahead and if that s your only option, and i m determined to keep the doors open, and now that, i have to pandemic and the store is still operating, there is a new challenge currently that we re experiencings and it has to do with inflation. steve: everybody is feeling that certainly. jen, you are in oklahoma. and you have been selling soap but because of the high cost you had to close your store front. how are you selling the soap now? so we are just doing local farmer s markets and other