half a point. this was unanimous, it appears, the increase of 50 basis points. the market has been reacting as you can see, it was up all day, john. up a couple hundred points before the announcement and while it s not negative in a big way, the drop from where it was is pretty significant to know, the note is saying that it has seen modest growth in spending production but does say, the fed, there will be ongoing rate increases in 2023. so the federal reserve is basically saying in order to continue to tame inflation in this country, it s going to have to continue to raise interest rates, and that affects all of us. john: not done yet. see how high they go and how low the dow goes. sandra: and the fed is saying it remains committed to 2% inflation. we are still dealing with, you know 7, 8% is where we have been, 40-year high, to get to 2%, john, that is that really
bill. spending causes inflation, they can help the story. sandra: larry we will see you at 4:00, and en fuego, larry kudlow. he s here on the breaking news. john: i try not to spend, but things are so expensive, it s impossible not to. tie prices are going sky high. sandra: tie inflation says larry. john: the story with martha starts right now. good afternoon, right now on. good afternoon. i m martha maccallum. stephen moore here in new york as the fed raises interest rates again. the market is taking it hard. the signal is that we re not through with this financial difficulty and could be headed to a recession. more hikes are on the way. they re struggling to hit the brakes on the inflation despite
where. yeah, and it s not just the fact it s vacuuming the data and keeping it in china. also the content on there. in china, young people can only use tiktok so many minutes a day and most content is respect your elders, do your homework and eat your vegetables. here, challenging what it prevents to minors. some of the most violent and degrading pornography or videos and recommendations how to implement eating disorders, targeted toward minors. i think the american people will be shocked, with american youthers have us chinese youth. john: why is it so difficult to convince american companies or allies, general jim jones, barack obama s first national security adviser, pounded his head against the wall for years trying to convince our allies not to put huawei equipment in
investigation, just that they want to speak to the occupants, and another development, a possible piece of evidence there was video from police officers body camera, he was stopping to talk to some students for apparent underage drinking and look in the background of the video, looks like 3, 4 people walk by, all you can see is silhouette, and an investigation on the ground and the 3 or 4 people in the background appear to be walking from the vicinity of the crime scene, of that murdered house. so, police say obviously that s very important, these four people in the background spotted about 3:12:00 a.m., we know the homicides happened between 3 and 4:00, could they have seen something, related to the case, they are looking into it, john. john: the latest from moscow. thank you, matt. now the threat from chinese tech. arkansas republican senator tom cotton pushing to block huawei and other companies from
and northwest iowa, up to a half inch of ice reported. numerous downed tree branches and slippery slopes. and the rockies, cold temperatures in the wake of the snow. temps in the teens, excellent skiing conditions if you can bear it. back to you. sandra: max gordon on that for us, this is some whether, john. moving across the country. john: it is. but in the mountains where you are supposed to get the snow, it s a paradise, i was just looking at vail mountain cams, 11 inches of snow in 24 hours, the back bowls are filled with snow and with skiers. but with lake powell 173 feet below full pool, you could get that much snow every day all winter and would not be enough to fill the reservoirs back up. sandra: incredible. a couple weeks before christmas. john: guess who is on his way. larry kudlow will walk through