these talks are happening as russia carried out yet one more brutal attack on civilians in ukraine. european allies accusing russia of a war crime for a missile attack on a shopping mall that killed at least 18 people. many more, poppy, missing this morning. absolutely devastating. we re also here in the united states following major developments in the january 6th investigation. in just a few hours, a surprise hearing on capitol hill. the january 6th committee will hear live testimony from cassidy hutchinson, aide to former white house chief of staff mark meadows and sources tell us that concerns for hutchinson s security are the reason this panel has been so secretive about her appearance. we just learned about it late yesterday. let s begin this hour with cnn national correspondent kristen holmes. good morning. what more can you tell us about the scope of hitchutchinson s testimony today, she already testified behind closed doors, but clearly they want more answers in
nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. let s begin our coverage with cnn s matt egan live in washington taking a closer look at the fed s big move expected today, matt. reporter: erica, this is shaping up to be an historic day for the american economy. in just under three hours, the federal reserve is expected to take aggressive action to try to tame inflation. prices surging so rapidly that economists and investors now expect the fed to raise interest rates by 0.75%. this is a big deal. some context, just six months ago or so, there was a debate over whether or not the fed would raise interes
three republican in the house and karl rove will also weigh in. sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i m sandra smith in new, i don t. trace, great to have you. trace: you as well, i m in for john roberts, and this is america reports. fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan to credit cards much more expensive. all this as president biden continues to deflect on inflation. refusing to take responsibility for the administration s role in skyrocketing prices. sandra: the u.s. has a higher inflation rate than many of the other major economies and the white house is promising a new messaging on the economy strategy with democrats ahead of the midterms. we ll dig in, bu
king and foreign minister among others. later today, he will meet with spain s prime minister, just in the next hour. white house officials have also announced and this is crucial that the president will meet tomorrow at the turkish president erdogan on the sidelines of the summit. that s key, turkey has been standing in the way of sweden and finland joining nato. we ll see if the u.s. is able to move turkey into the yes column on their accession to the alliance. top priority for today s agenda continues to be russia s war on ukraine. earlier the white house announced the u.s. is committing $3 billion to address global food shortages, due to putin s invasion. ukraine s a big producer of grain and corn, concerns that could lead to famine in parts of the war the war s disruption. kaitlan collins joins me now. beyond the show of support, we already heard those words where you were at the g7 summit, saying the alliance is going to be with ukraine as long as it
time europe and the u.s. will suffer so much from rising energy prices, inflation, et cetera, this they will break. and i wonder, if you believe putin may have that right? well, that has been the soviets and now the russian strategy forever, to try to divide nato and to try to divide nato from the ukrainians in this case. but every step that putin has taken, every step that the kremlin has taken has driven nato together into a more coherent and unified alliance together now with the ukrainians, supporting the ukrainians and their fight against the russians. so if the russians continue to undertake these barbaric attacks, such as the one on the shopping mall, it will do everything to unify the alliance. so i think, yes, it is clear that putin thinks he can wait out the nato alliance, divide