and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored around th
it s a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working, but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers, but it s also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he is facing re election next year and being able to control inflation without pushing the economy into a recession will be key if he wants another four years in the white house. samira hussain there. let s bring in the milken institute s chief economist, william lee, whojoins us now from nevada. that s the ultimate question that all the central banks around the world are asking them selves. has the us peaked? lots of prices and inflation decreases have come out because supply chains have been restored around the world and consumers are able to get the stuff they want to buy. one of the
minister and the right wing extremists to make up an important part of his coalition are still in power. david rothkopf, as always, and happy holidays to you and your family. thank you, david. a lot more coming up. you re watching msnbc. our second hour starts right now. [inaudible] > [inaudible hey everybody, good to see you. i m yasmin vossoughian. if you are just joining us, welcome. if you are sticking with us, we are very thankful for that. with the stroke of a pan, the dawn of giving donald trump exactly what he wants refusal to take up an issue that is clearly headed their way. now puts the chances of trying the former president for election interference before the next election in serious jeopardy. meanwhile, trump may face new legal danger from a new tape that have surfaced trying to pressure a group of republican officials in michigan to help him overturn the election. there s lots of speculation about that. obviously the fact that it comes out right after
from msnbc world headquarters here in new york. welcome, everyone, to alex witt reports. we begin with two major developments both of which could impact the election interference cases against donald trump. first up, we have the supreme court rejecting the special counsel s request for an early review of clumps claims that he should be immune from facing prosecution. a newly discovered recording of trump pressuring michigan election officials not to certify the 2020 election. we are going to go right now to nbc s erin gilchrist here that the white house fourth. aaron, welcome. what does this mean for trump in the cases against him? alex, to potential impacts. hear this phone call could turn into damning evidence in one of the four cases against trump. now at the same time the supreme court could be just the kind of speed bumps the trump legal team could be looking for. reporter: the setback for government lawyers trying to fast-track the prosecution of former president do
the horrific images now emerging tonight. the video showing the moment of impact when those two trains collided on the same track in greece. now greece s deadliest train disaster ever. more than 40 people killed. tonight, you ll hear from survivors who crawled out of that train. and how those trains were barrelling toward each other for a full 12 minutes on the same tracks. marcus moore in greece tonight. here in the u.s., the tornado watch in effect as we come on the air tonight, as severe storms now race across the country. 100 million americans on alert for snow, damaging winds, and flooding. the threat of strong tornadoes tonight and tomorrow before this hits the northeast. creating a dangerous commute. rob marciano timing it all out. tonight, the arrest warrant for a college football star expected to be a top nfl draft pick. jalen carter facing charges linked to a deadly crash, killing a teammate and a staff member, hours after celebrating georgia s second straight n