arthel. arthel: hello eric, hello everyone i am arthel neville. two other major stories we are filing for you at this hour buried the blizzard warnings in southern california, the first in san diego history and the first in l.a. in 34 years as a massive winter storm slams the region with heavy rain, wind, and snow and some parts. president biden back home from historic overseas trip only to face a familiar headache, inflation spiking again. raising concerns the fed may hike interest rates longer than expected. we have fox news team coverage on all of these stories. trey isn t ukraine. nicole in l.a. on the wild weather there. the first lucas tomlinson but lucas is light at the white house, lucas. arthel hi inflation introduce savings increasing credit card debt with higher interest rates means more americans are feeling the squeeze. we do not have a tell our viewers they feel it every day. now have new economic data shows inflation is getting worse. let s take a look. the p
arthel. arthel: hello eric, hello everyone i am arthel neville. two other major stories we are filing for you at this hour buried the blizzard warnings in southern california, the first in san diego history and the first in l.a. in 34 years as a massive winter storm slams the region with heavy rain, wind, and snow and some parts. president biden back home from historic overseas trip only to face a familiar headache, inflation spiking again. raising concerns the fed may hike interest rates longer than expected. we have fox news team coverage on all of these stories. trey isn t ukraine. nicole in l.a. on the wild weather there. the first lucas tomlinson but lucas is light at the white house, lucas. arthel hi inflation introduce savings increasing credit card debt with higher interest rates means more americans are feeling the squeeze. we do not have a tell our viewers they feel it every day.
of a percent in november, which is more than expected, especially during the holiday season. they lower than expected retail number is spooked investors. because consumer behavior is one of the strongest indicators of how an economy is doing. that is the gist of it. i want to get into the needy gritty at the chief of investigative media.com. he s been covering the u.s. economy for decades. talking about what i. no good to see. you the fed interest rate hikes have been going on for a while. who is leveling 15 years, the only question is victor poisonous what the friday. say hi inflation which is very difficult, especially for lower income families or high interest rates. look, ali. the fed interest rates this aggressively, 4.2 5%, that s not. normal 45 bass hikes, the fight is really ramping. up haven t seen that since they. 70s if you go back here you have some of it here in the