more on all of that later this hour. but first the critical decision set to drop soon from the federal reserve. and cnn business correspondent rahel solomon is here with us. walk us through what is to come in the next hour or so and why it really matters. so the expectation is that chairman powell will raise rates about three quurs of a percent. that is not one to one in terms of borrowing costs. we won t see borrowing costs raise 75 basis points. but it does influence all of the categories. so costs will continue to go up. and i want our viewers to enter understand what this really means for them, for their wallets. and i know you ve pulled a few examples. yeah, i ve been working the phones. let s start with credit cards. we ve already seen credit card rates accelerate quite rapidly this year. and right now the average rate is about 17.5%. according to bank rate, if you are holding a $5,000 balance which is the national average, you have a current ampt pr of 17.25%, if
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the facts forming. reporter: and the freshman term pro trump riot er attacked the capitol. and he voted to impeach proemt over his role. now he could lose his job because of that vote. is that concern of yoers that you got defined by this? i think that you always have a moment where you say i could take the easy way or i can actually follow where my conscience is. if your number one job in office is to stay in office, you should find another job. reporter: you don t regret that vote? not for a second. reporter: despite maintaining a conservative voting record, republicans see him as the clear underdog in next tuesday s primary. yeah, its of the biggest career ending move in history. reporter: john gibbs is trying to unseat him, former housing official who has the support of the former president,