it. inflation, it is zapping the strength of a lot of families. that inflation hit 8.6% last month, highest rate since 1981. majority of americans weren t even alive actually. u.s. families paying more for everything. gas, cars, food, housing, just to name a few. plane tickets, everything. and today fed is expected to rise rates three quarters of a point. so that means that people will pay more to get a car loan, houses and even college. that will taste bad, but the hope is that it cools down inflation overall. right now on wall street you re seeing a little bit of optimism here heading into this final fed decision here. in overseas market, mixed performance in asia and europe has opened higher this morning. this is a perfect day to talk to greg mcbride from bankrate.com, he knows something about interest rates, all kinds of different rates. hi, greg, how are you? good morning, christine, great to be with you again. so this rate hlike we re expecting, 75 basis point
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going to come. and so biden s critics can be tough on him, but he is the leaders of the united states. and i think this is certainly how the saudis would see it, he is the leader of the united states and he has to deal with the real situation today and the u.s. doesn t have the cloud it used to so it does have to make compromises like this. nic robertson, thank you so much. appreciate your analysis as always. here at home, a small break in the rise of gas prices. national average dipping one cent to $5.01 a gallon overnight. still up 54 cents in the past month. president biden is vowing to do something about the gas prices. i have a plan to bring down the cost of gas and food. i m doing everything in my power to blunt putin s gas price hike. could that plan involve a gas tax holiday is? we ve heard so much of that. let s bring in gray stevens. nice to see you.
Holly Leann Phillips, 26, of Pinnacle, was arrested Feb. 21 for felony possession of methamphetamine and possession of drug paraphernalia. Bond: $5,500.