economists were expecting. so what you have right now is a scenario where business level inflation does appear at least from one data point to be moderating a little bit, which is why even with that data showing a large year over year increase, up around 8.7%, it is still lower than it was in the previous month. that is leading some to be a little more optimistic which is why you are not seeing a mastiff market reaction today the likes of what you saw yesterday. but what it comes down to is whether or not this will change the calculus for the fed. and at last check on the heels of that inflation data this morning, there is now pretty much an expectation predominantly that the fed next week will raise short term interest rates by now three quarters of 1% and there is a 34% chance that the fed will raise rates by one full percentage point mark. and if they were do that, hypothetically, if the fed were to raise by one full percentage point, it would be the largest single raise f
forward their priorities despite republican resistance. they re actually trying to get some major stuff done. as the 11th hour gets underway on this wednesday night. good evening, once again, i am stephanie ruhle. front and center at tomorrow s highly anticipated primetime hearing, will be donald trump s apparent refusal to stop his supporters from storming the capitol. but according to the washington post, the committee has damning evidence of the former presidents actions the day after the riot. tonight, the paper reports, the house committee expects to show portions of outtakes from a trump speech that was delivered on january 7th. that day, aides have urged him to speak to the nation and clearly condemned the riots. and he struggle to do so. the video trump tweeted on the six when he told supporters to go home, and that he loved them. we ll also be part of the hearing. earlier this evening, committee member, jamie raskin, was asked about it. hours had passed wet he coul
the video trump tweeted on the six when he told supporters to go home, and that he loved them. we ll also be part of the hearing. earlier this evening, committee member, jamie raskin, was asked about it. hours had passed wet he could ve simply took an a walk for ten or 15 seconds, over to address the country, and address his followers, and tell them to go home. and people were beseeching him, begging him, to do that. and he refused to do that. so that he finally went over and made some comments then at the end of the day, when it was clear that no thanks to the president, our police forces had turned the tide. it s extremely revealing how exactly he went about making those statements and we re gonna let everybody see parts of that. tomorrow s hearing begins at 8 pm eastern. you can absolutely see it here on msnbc. chairman bennie thompson was tested positive for covid will lead the hearing but will do be doing it virtually. we expect to hear from former trump white house
aides in the trump administration including former chief of staff mark meadows. a spokesman for trump did not immediately respond to request for comment. attorney general garland sat down for a rare and exclusive interview with nbc s lester holt and defended the justice department against criticism it is working slower than the house select committee s investigation into january 6th. look, the justice department has been doing the most wide-ranging investigation in its history, and the committee is doing an enormously wide-ranging investigation as well. it is inevitable that there will be things that they found before we have found them, and it s inevitable that there will be things we find that they haven t found. the justice department has from the beginning been moving urgently to learn everything we can about this period and to bring to justice everybody who is criminally responsible for interfering with the peaceful transfer of power. you said in no uncertain terms t
we start with the bombshell new details in the justice department s investigation into the capitol attack. nbc news confirming with an administration official that the doj has been asking questions about former president trump s actions leading up to january 6. the official adds there is not a criminal investigation of mr. trump himself. nbc news reached out to a trump spokesperson for comment. the doj is not officially commenting on the story but in an exclusive interview with lester holt attorney general garland states that no one is above the law. we will hold accountable anyone criminally responsible attempting to block the peaceful transfer of power. that conversation between merrick garland and lester holt. we want to bring in pete williams, charlie savage, chuck rosenberg. we have a great group to get us started. pete, confirming the questions asked related to donald trump s actions on that day and leading up to that day. what specifically do we know? what is the f