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
to pfizer. elizabeth cohen is joining me now with more. this is a moment that so many parents have been waiting for, for the tiniest kids out there, starting at just six months. that s right. finally, parents will be able to get a vaccine for their very young children. let s take a look at what that efficacy data looks like, erica first the moderna and the pfizer version of this. when they looked at children s blood when they gave them this vaccine their anti-body was as good as it was in adults. so the estimated efficacy in a trial of 6,000 children, when you looked at 2-to-5-year-olds, it was 32 to 36%. that is not great. when you looked at six months to 23 months, it was 50.6%, barely over what would be considered effective. if we look at the pfizer vaccine covid-19 vaccine for young children. good anti-body results, a