good to be with you. i m chris jansing in for katy tur. as we come on the air, the federal reserve has just spoken. i am told they are raising interest rates three-quarters of a point as the fed hopes to cool off the economy, slow down growth and in turn control inflation. that change can t come fast enough. inflation is at yet another record high, 9.1%, but this key question remains. will it help americans who are clearly hurting? the average cost of groceries has skyrocketed. a dozen eggs, $1.07 more expensive than last year. milk is now $4.15 a gallon, a nearly 60% increase from this time last year and ground beef $5 a pound compared to just $4.56 compared to 2021. gas is now 70 cents cheaper per gallon compared to a record high last month, but for a lot of folks, that is small consolation in the larger picture. we have a lot to talk about and a great panel to talk about it. host of the 11th hour on msnbc and senior business analyst stephanie ruhle, robert herzog and host
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the parties are going to be battling it out for every single vote. in the closing of this election, republicans are using everything onre their arsenal. and yes, they re going after democrats on inflation. and surprise, they re hitting democrats on crime, the very same they were worried about after the san francisco recall back in early june. republicans are focused on urban crime and they re pushing racially coded messages to care voters to believing democrats want to turn this country into a scene out of mad max. republicans have spent more than $50 million in ads focused on crime since labor day. here s how that issue played out during tonight s debates. john fetterman during this crime wavett has been trying to get as many murderered out of jail as soon as possible. i m running on support
he just wants to litigate the past. and his whole attack on crime is incredibly interesting because, chris, as you reported, this whole crime wave started while trump was president. the facts don t seem to matter to him. all he wants to do is scare voters. and this fight about positivity versus dragging everything into the sewer is going to be the story of the modern day republican primary and who their nominee is in 2024. is that really a look at what we re going to be seeing in 2024? because people are saying he could announce any time now. it s going to be a very long couple of years, michael steele. yeah, i think it is the vision he has going into 2024. it is a backward look but it s also tagged to what he believes his base voters think and feel about this country right now. they genuinely believe that