more on all of that later this hour. but first the critical decision set to drop soon from the federal reserve. and cnn business correspondent rahel solomon is here with us. walk us through what is to come in the next hour or so and why it really matters. so the expectation is that chairman powell will raise rates about three quurs of a percent. that is not one to one in terms of borrowing costs. we won t see borrowing costs raise 75 basis points. but it does influence all of the categories. so costs will continue to go up. and i want our viewers to enter understand what this really means for them, for their wallets. and i know you ve pulled a few examples. yeah, i ve been working the phones. let s start with credit cards. we ve already seen credit card rates accelerate quite rapidly this year. and right now the average rate is about 17.5%. according to bank rate, if you are holding a $5,000 balance which is the national average, you have a current ampt pr of 17.25%, if
yes, that investigation goes all the way to the top. and the fed all but certain to jack up interest rates this afternoon. but how big a hike will tell us a lot about the inflation problem. as new numbers on housing and what we re buying spell more economic trouble. up first, the details that point a glaring legal spotlight at the former president donald trump. this banner headline courtesy of the washington post, the justice department investigating trump s actions in the january of criminal probe. new york times adding critical detail detailing the fake elector scheme and including references to the president being looped in. post account saying that prosecutors have spent hours asking witnesses about conversations with trump, his lawyers and others in the former president s inner circle. the questions revolve around that fake elector s plot and what instructions trump may or may not have given to his lawyers and advisers. we do know there has been an uptick in gr
pata patagonia s far south. land a tundra but the sea teaming with life. it is sunday 9:00 p.m. eastern and pacific. thanks for your time. we ll see you back here tomorrow. ana cabrera picks up the coverage right now. thank you so much for joining us. next hour, a critical moment as the fed weighs its next rate hike. what it decides will impact the way you spend, borrow and save your money. what you need to know. plus brittney griner behind bars and testifying for the first time in russian court. her message to the judge. and he is negative. president biden out of isolation and stepping in front of the cameras as brand new polling finds most democrats want someone else to run in 2024.