the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is interest rates. if you take a look at interest rates over the last few years, you can see they were pretty much at zero during the pandemic as the federal reserve tried to encourage borrowing and spending. now rates are on the way up. the first hike was in march. then we saw rate hikes last may, last month. we know they are on their way up. i think what s parent to know is there is wide consensus there is much more ram to go in terms of where we see notes go. we put out a note yesterday ultimately it e
where we see notes go. we put out a note yesterday ultimately it expects notes to hit 4.1% early next year as it tries to cool down and to spend less and get a bit more balance in terms of the supply of goods, which is disrupted, of course, the supply cane issues and a demand for good. that s what the fed is trying to get ahead of right now. so everybody is anticipating this big announcement. alison kosic is there. how are markets react something. ana, i am feeling a real sense on wall street here that the federal reserve you know needs to play catch-up. the thinking is that the fed texts interest rates too low for too long. it s something that hit home after we got that inflation report on friday, showing inflation is ac sell rating. despite fed chair j. powell in may said he wouldn t raise rates more than half a percent, there is wide spread belief among many investors the fed does need to go stronger.