this is your well red world. a lot of major averages down on the prospect that we re looking at higher rates down the road. we got our third 3/4 hike in a row with signs that year s end, rates could be a point to a point 1/4 higher than they are right now. we re north of 4%. some wondering if that is enough to deal with inflation that is double that. let s get the read on what happens today and why. jackie deangelis. jackie? good afternoon. this is the fed s fifth rate increase this year. it s the fourth increase in a row. as you pointed out, the third time the market is seeing 3/4 percentage point. the market was trading higher most of the session before the decision indicating they were expecting a 75 basis point hike rather than the full point percentage point that a small group of market watchers thought was possible. then when the news broke about the hike, the fed hikes rates trying to tame persistently high inflation, the economy will slow. consumers and corporations
we ve got our correspondents and legal team here standing by with new reaction from some trump allies. also this hour, check out the big board. the markets, wall street reacting pretty well to thats into just out from the fed, and another interest rate hike on the way, to try to get a handle on in place. is this? or will there be more hikes to come? we will talk about all of it. plus an nbc news exclusive debuting here this hour, stacey abrams one-on-one with our blayne alexander, early voting now just days away, in georgia, what she is saying about the state of her race as polls show her falling further behind brian kemp. a lot to get to in the next 60 minutes. i m hallie jackson, along with tom winter, ron allen in new york, and business investigations reporter david enrich is with us, a new book out sefrtds of the damned and care line polici and former federal prosecutor and msnbc legal analyst paul butler. let s get to some of the questions at 3:00 eastern, 12:00 pacifi
countless homes have been destroyed and rain just won t let up. it has been catastrophic rain that just won t stop. we ve seen that last tail of the storm linger over the island and continue to dump excessive amounts of rain. the first responders, the local responders, the responders of the government of puerto rico are not able to get out and help those that need it or assess the damage. parts of puerto rico are still recovering from the damage inflicted, of course, by hurricane maria in 2017 and it appears fiona could be even more destructive. pedram javaheri is tracking the storm from the cnn weather center in atlanta. what s the weather update, pedram? reporter: major hurricane, category 3 with 100-mile-an-hour winds. it s not far away from cochran town, capital of turks and caicos. it is passing across the region right now. you ll notice very symmetrical. a wind field that expands 150 miles away from the center where tropical storm forced winds are still going to b
an estimated 15% of their valuation. do you think the market is overreacting? how d you know that? the company profile tool, in thinkorswim®. yes, i love you!! other are good at all of you please ignore that. td ameritrade. award-winning customer service that has your back. from msnbc world headquarters in new york. welcome to alex witt reports. developing this hour, new details on what we can expect from the january 6th committee s public hearing on wednesday. earlier today, jamie raskin gave nbc news fresh insight into what may or may not be the committee s last public hearing. what we are going to do on wednesday is fill in those details that have come to the potential it may be the last investigative public hearing. we are going to try to round out of the factual narrative. i m hopeful that we will have a hearing that lays out our legislative recommendations about how to prevent coups, insurrections, political violence, electoral sabotage. there are two big guideli
Heres to you norfolk. A white wine from the broads, beats global competition, to be crowned one of the worlds best. And the legend of king arthur gets the guy richie big screen treatment. Our own knight at the round table mark kermode will be giving it his verdict in the film review at 5 45pm. Its five oclock. Our main story Julian Assange the founder of wikileaks and urged on the belt that prosecutors in sweden have dropped their investigation into Rape Allegations against him. He said in a tweet i do not forgive or forget. He has always denied the charges. The development emerged this morning as the swedish prosecutor announced they would discontinue the investigation into an alleged sex offence committed in 2010. Julian assange has been holed up in the Ecuadorean Embassy since august 2012. The met police say they would still be obliged arrest him on a lesser charge if he tried to leave. He has now gone back inside the embassy and has not said what he will do next. Victory is howJuli