max foster here in london. just ahead great likelihood is that we will have a recession. this 40 year high in inflation is having a real impact on the economy. consumers are shifting their spending to more essential categories like food and fuel. our investigation though it is not a criminal investigation certainly has brought some things to light that doj is watching. doj is now inside the white house for the first time. that is a big change. it is a hard grind, that is what ukrainian commanders are predicting to try to push the russian troops back. it is wednesday, july 27. 9:00 a.m. here in london, 4:00 a.m. in washington where in the coming hours, the u.s. federal reserve is expected to hike its benchmark interest rate in the latest attempt to cool the economy and tame inflation. the country s gdp will be released tomorrow with analysts waiting to see if the numbers show that the economy has slowed again. add in soaring prices, rising expenses and an ill p
who can t afford it. martha: the dow is up a lot on that news. in less than 24 hours, we ll know if the u.s. is officially entering a recession. charles payne joins me on that. and the other big story that we start the hour with here on this wednesday, china. warning the united states saying that when it comes to nancy pelosi s trip, it s a red line for them. china recognizes obviously china believes that taiwan is part of china, that it s not an independent country that can greet u.s. officials on their own. when asked were republicans from the hill will join her on this trip, the speaker said this. i never talk about travel. it s a danger to me. so why is the white house trying to dissuade this trip? we ll ask john kirby about that. he joins us in a few moments from there. first, to gillian turner covering this story for us today. it s a story that keeps moving all throughout the last couple hours, gillian. what is the very latest? martha, this just in. the secretary
but there s also the strong data coming out of the labor market. neil: jerome powell said this even after he and his fellow fed members unanimously hiked the interest interest rates .5%. so does jerome powell know something we don t know? the official number that might prove we re in a recession doesn t come out till tomorrow morning. here s powell sounding like the president showing no such concern today. so what to make of it? we re all over it with connell mcshane on how americans don t care what they re calling it, this recession is real and they re having a devil of a time dealing with it. edward lawrence on how the fed plans to handle it. and michael moore on how if a hard landing can be avoided. welcome. i m neil cavuto. first to lawrence on the move that a lot of people expected but the reaction that many did not. edward? it s very interesting that the federal chairman saying that we re not in a recession and we can avoid a recession and taking the same talking po
max foster here in london. just ahead great likelihood is that we will have a recession. this 40 year high in inflation is having a real impact on the economy. consumers are shifting their spending to more essential categories like food and fuel. our investigation though it is not a criminal investigation certainly has brought some things to light that doj is watching. doj is now inside the white house for the first time. that is a big change. it is a hard grind, that is what ukrainian commanders are predicting to try to push the russian troops back. it is wednesday, july 27. 9:00 a.m. here in london, 4:00 a.m. in washington where in the
including boris johnson when he was prime minister on the ground with the leader of ukraine. so obviously that invitation is out to president biden. that s the story for this wednesday, july 27. the story goes on. thanks for joining us today. we look forward to seeing you tomorrow at 3:00 p.m. neil: interest rates going higher. that we knew. wait a minute. stocks going higher too? that we didn t expect. it happened today. in fact, the markets soared today. all because the chairman of the federal reserve said this. it doesn t seem the u.s. economy is in a recession right now. i think you see weakening, some slow down, let s put it that way, in growth and you see it across some of the categories that i mentioned.