fundamental question of voters confidence in the vote result. and exclusive cnn reporting of the bravery of one little girl in the middle of the uvalde massacre, begging for help why law enforcement stood outside. thank you so much for being here. we begin with a critical decision from the federal reserve and the major ripple effects it will have on the economy and also potentially the election. the fed is expected to announce another big rate hike this afternoon, another effort to tamp down inflation. this would be the sixth rate hike this your. it comes as new polling shows that voters are most concerned about the economy and inflation, putting republicans in a strong position ahead of the mid terms, the poll also showing enthusiasm among democrats is significantly lower than it was twoiers. two former presidents are hitting the campaign trail hard. barack obama in arizona, former president trump heading to ohio tomorrow, and we learned that joe biden will be speaking to t
barack obama in arizona, former president trump heading to ohio tomorrow, and we learned that joe biden will be speaking to the nation tonight about all of this, protecting democracy and election security. let s start with matt egan, live outside the federal reserve. what are we expecting this afternoon? reporter: kate, today seems to be another pivotal moment, in just under three hours, they ll take another dramatic step designed to get inflation uncontrol. the fed is likely to raise interest rates by 0.75 of a point. that is actually big. we haven t seen anything like that in modern fed history. you have to go back to the early 1980s under paul volcker. now this is, of course, raising borrowing costs.