bucks, you go to miami and blow it. that s what you re seeing here. there s no doubt that we re going into a recession. the fed will keep raising interest rates. we could be in a position if inflation doesn t come down enough, that we have stagflation. you have high inflation of a 4% variety, 5% variety and then the official recession kicks in and everybody starting will lay more people off. so this is a slow economy. this is not the time to be going to the ukraine and blowing $500 million. i mean, i m not taking a stance on the war and who we should support. but this is not a time to be spending a lot of money in a crazy fashion. because if we do, when we do go into a recession and we will go into one, the budget deficit could gap out, could mean higher interest rates and you get a spiral of a deeper recession. so you know, we could be in for
be quick on this, but this morning the employment cost index showed compensation for workers increased by 1%. what more can you tell us about that? this is the fed s favorite measure of wage inflation. latest reading is coming as the fed does meet for this two-day policy meeting ahead of another hike in interest rates tomorrow. 1% gain in the fourth quarter, that means growth in u.s. labor costs last quarter were the smallest in a year. similar for wages and salaries, which increased 1% last quarter versus the quarter before it. still not enough to offset inflation. this is key for that hot labor market that the fed is focused on cooling right now to ensure that inflation doesn t stay sticky and elevated from here. morgan brennan, thank you. that does it for me this hour. andrea mitchell reports starts next. is hour andrea mitchell reports starts next
death by police officers has continued to go up after george floyd was killed and not down. what if tyre held on to life by some miracle, would we be talking about it? that universe of people who are abused by police and don t die, we don t even have data for. sahil, with that in mind there s talk of police reform, and we are one year out from another election. does this moment feel any different on the hill and what would a bill look like? only time will tell. there s movement on capitol hill but there s good reason to be skeptical that congress will make a law. lindsey graham, and dick durbin, they have in the last 24 hours rekindled talks. i spoke yesterday to both of them and they say they are
i saw the stats and inflation doesn t bother me, i can work harder, crime bothers me. i can t grow eyes in the back of my head, the vote is too crucial in los angeles, there are three things on the ballot most important to me, we nick rick caruso, if karen bass getss in, the problem gets worse. we need to get nueva, the only crimefighter in the city and measure a in the county will give supervisors a 4/5th vote to fire the duly elected sheriff, measure a. no on measure a, vote for rick caruso and nueva, or downward spiral is the call for the day, downward spiral. ashley: like a mass exodus,
brian: inflation doesn t pick and shoes who it impacts. winsome sears, an upcoming star in politics joins us next. don t move. when pain says, “it s time to go home” “i say, “not yet”. aleve. who do you take it for? heyyy! (steins breaking) your cousin. from boston. it means, “ok-to-beer-fest”. another sam octoberfest? nein. make it ten! i like this guy. (cheers) ever get a sign the universe is trying to tell you something? the clues are all around us. not that one. that s the one. at university of phoenix, you could earn your master s degree in less than a year for under $11k.