federal reserve expected to raise interest rates by three quarters of a percentage point, represent third such increase since june bringing interest rates back to george w. bush administration. todd: what else do you expect to hear from the fed when it comes to inflation and impact on seven weeks from now big midterms? well, that is right. the market predictors are looking at this being for the long-term, instead of what was hoped to be hike in cut position taken by the fed, instead a hike and hold. we ll look at this for the long-term into next year as rising interest rates are their effort to pour water on the rising inflation being caused by the biden administration and out
inflation being what it is, people s attitudes towards the economy, and the historical record that incumbent parties don t do well in midterm elections. so it s hard to say right now. i think we have a closer election than we expected. many of the races that are going to decide the u.s. senate are very, very close. and so to me, tbd. you know, what s going to happen in november. aside from the moral discussion about what governor ron desantis is doing, i think there is the political discussion. purely electoral discussion that he may be trying to put focus on immigration from other areas that may not be as advantageous to republicans. say he sends more planes over the next seven weeks, what s would the impact of that being, and if you were in the business of advising democrats or the white house to respond, what would you tell the white house how to respond to it? yeah, look, this is not a new
time. [cheers and applause] good for her, the 18-year-old john will play again tomorrow against france as carolina garcia. the men s division, nick dethroned the number 1 seed after his one securing his spot in the quarterfinals. hoping to go for a second straight grand slam final. the impact of inflation being felt everywhere and that includes your fair favorites. one minnesota vendor is missing the trucks he needs to ship s products and is here to tell us what he s doing to try to keep up. ashley: plus jonathan fahey, tom homan, fred keller to kick off the day. don t go anywhere.
and candidate selection processes. georgia, pennsylvania, ohio, these ought to be republican states in environment like this, with inflation being what it is, with economy being in recession, those aut to be pickups and he ought to get his 52 majority seat. and they might not. obviously in the house, republicans still doing well. kevin mccarthy still favored to win the majority there. although the odds have narrowed a little bit. but it says something about the republican party if they re not able to take house. when a president s party is facing an economic headwinds, the way they are, if they re not losing in the midterm, then that s something about the opposition party. we even heard reports last
has covid was asked virtually about the potential of america entering an official recession. president biden: we are not in a recession, in my view. we are the employment rate is still the lowest we ve had in history, it s in the 3.6 area, we still find ourselves with people investing. i don t think were going to see a recession. in a blog post on july 21st, the white house council of economic advisors being criticized for trying to redefine recession. writing in part, what is a recession? while some maintain the two consecutive quarters of falling real gdp constitutes a recession, economic experts tell fox news despite what the white house claimed, some analysts on wall street are already accepting that america is in or about to enter a recession. citing factors like inflation