it is the first day of black history month. happy black history month, everybody. or as ron desantis calls it, month. good morning, everyone. thank you for joining us. we re going to get to what is happening down in florida. there you key caitlan is live on capitol hill. president biden face s a series of investigations. also moments from now, the gop is gearing up to kick congressman omar off of a key committee. big questions on whether or not they have enough votes. they believe they do. they face some pushback from republicans. also hunter biden with a counter offensive. the president s son demanding investigations into those who access data from his personal laptop. what is behind this really aggressive new legal strategy. we ll get to all that in a moment. we re going to begin with breaking news out of ukraine. there is heavy shelling this morning. live to sam kylie. sam, hello. what are you hearing? well, hearing is quite literally what we ve been doing here,
spending. and let s begin in washington, d.c., where the federal reserve has just announced its latest decision on interest rates. economists predicted an eighth straight rate increase as the central bank tries to tamp down inflation without causing a recession. matt egan is inside the federal reserve. what s the decision? reporter: 25 basis points, the fed just delivered its eighth straight interest rate hike, lifting interest rates to the highest level since 2007, all part of the fed s quest to get inflation back down to healthy levels. but importantly, the fed is dialing back the pace of these interest rate hikes. going from 75 basis points this past summer and this past fall to 50 basis points in december, to this more traditional move of 25 basis points today. now, this was widely expected, widely telegraphed, and yet, it is a significant strategy shift, nonetheless. the fed is still trying to slow this economy to cool off inflation, but they ve gone from slamming the
is searching president biden s delaware beach house according to three sources familiar with the situation. nbc s mike memoli is following this for us. mike, good morning. what do we know? well, jose, obviously we ve been following this situation for multiple months now as president biden s first his personal attorneys and then fbi investigators have discovered classified documents at various locations tied to the president. but this is significant because this is the third search now that we re aware of that the fbi itself has conducted. the first was in mid-november. we confirm that one just yesterday. it was at the penn biden center, the office president biden used when he was out of office. then of course on january 20th, a more than 12-hour search of the president s personal home in wilmington, delaware, which we learned about just the following days, and now nbc news is confirming that this search is underway actually as we speak, jose, fbi agents were seen arriving a
katy tur. here we are again, another fed meeting and another expected rate hike. we re going to get to the number in just a second. it is expected to be a quarter of a point. we re going to see how the markets react to that because they have been on a relative upswing and we re wondering does that trend continue? we are also watching as you well know, memphis. the funeral for 29-year-old tyre nichols is today. and supposed to begin right about now. weather has been delaying it, so we ll go there as soon as it does start. but again, there is breaking news from the fed. just confirmed, they are raising it, interest rates, by a quarter point. joining me now is nbc news business and data reporter, brian cheung. a quarter point, what can you tell us? the nation s central bank, the steward of the u.s. economy raised interest rates by .25 percentage points in their meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was at 6.5
run. plus, more than 12 million people are facing ice storm warnings as the deep south gets hit with a deep freeze. hundreds of flights cancelled, roads covered with ice. it s made traveling dangerous and it s contributed to at least six deaths. but we begin in memphis where starting an hour from now, the funeral for tyre nichols will attempt to take the focus away from the horrific images of his brutal death, and instead honor his life and the man his mother called a quote, beautiful soul. mourners have begun to arrive right now at mississippi boulevard christian church, less than 20 miles from where the 29-year-old lived and died. his death, the latest rallying cry for a nation sickened by watching the same images play out on police body cameras again and again. the fact that george floyd s brother and breonna taylor s mother will attend today s funeral, underscoring the sad truth that past calls for change have gone unfulfilled. reverend al sharpton was asked earlier t