hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straight on
right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. spell, likewise on wall street on wednesday. still staying on the topic of interest rates, it s going to be a busy day for monetary policymakers here in southeast as
remains elusive. the federal reserve likes to keep inflation hovering around 2%. right now it sits somewhere around 4%. that certainly better than where it was last year. somewhere above 8% for that but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in interest rate hikes seem pretty likel . ., interest rate hikes seem pretty likel . . ., likely. in made the 12 month chance likely. in made the 12 month change in likely. in made the 12 month change in the likely. in made the 12 month change in the cpi likely. in made the 12 month change in the cpi came - likely. in made the 12 month change in the cpi came in i likely. in made the 12 month change in the cpi came in at| change in the cpi came in at 4-~0% change in the cpi came in at 4-~0%and change in the cpi came in at 4 .0% and the change in the core 4 .0% and the change in the core cpi 4 .0% and the change in the core cpi was 5.3%. in
the appeal that they made? well, anderson, one of the first things that the president s lawyers take on is the idea that he is an insurrectionist, which is something that the colorado supreme court had ruled. they say he is not, that the january 6th attack was not an insurrection, and that the former president did not engage in insurrection. they also say that the congress, not state courts, should be the ones that determine the eligibility for the presidency. they also say that the 14th amendment, the letter, if you read the 14th amendment, section three, it doesn t mention the office of the presidency and it doesn t apply, they say, to the former president. i will read you a little more of what they argue. they say that this colorado ruling, if allowed to stand, will mark the first time in the history of the united states the judiciary has prevented voters from casting ballots for the leading major party presidential candidate. and obviously, that is what is at stake her
for the cockpit voice recorder, which could provide crucial clues to what happened. we re waiting for comment about cnn reporting that those lights on the runway were not working. could the plane possibly have just moved a little too far on the runway creating this disaster? gosh, who knows? but what a miracle and how incredible those flight attendants. holy wow. thanks to all of you for being with us. we ll be back tomorrow live in iowa. iowa. ac 360 starts now. captions by vitac www.vitac.com tonight on 360, there s breaking news. the former president tells the supreme court there s no 14th amendment case for keeping him off colorado s ballot and says the capitol attack was no insurrection. also breaking tonight, we ve just gotten court documents expecting to reveal the names of nearly 200 people connected to the late sex trafficker, jeffrey epstein. and what u.s. officials are saying tonight about who might be responsible for the bomb blasts in iran that