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derail the special counsel probe of donald trump. president biden tells the dnc and his campaign team to stay quiet about trump s indictment inside his 2024 strategy. plus, fierce fighting in ukraine as vladimir putin tries to claim kyiv s counter offensive is failing. we re live with an update on what s happening on the front lines. and breaking right now, what investors have been waiting for, a key decision from the federal reserve on interest rates. our nbc news reporters are following all of the latest developments and we do begin this hour with that breaking news from the fed. cnbc s morgan brennan is here for cnbc on msnbc. i think, morgan, we re on a ten-meeting streak by the fed of raising interest rates. what just happened? hold, that is what just happened. so we had ten raises, and now we hold. the federal reserve hitting the pause button on its campaign of interest rate hikes, as i say these words, keeping the federal funds rate unchanged at 5 to 5 1/4%. ....
market. major industries in the mud yesterday part of a week-long slide chipping away at your retirement funds, 401k coming off the worst quarter since the start of the pandemic. dana: adding insult to injury the price of gas hitting another all-time high. $4.41 a gallon right now. close to $6 in some states. bill: president biden blaming these issues on just about everything and everyone from climate change to covid but according to larry kudlow it s time to take a look in the mirror. president biden should start to own this problem. the blame game doesn t work. it is not working for him. ordinary working folks don t buy into the blame game at all. you are in an emergency inflation crisis. and so you have to start taking emergency action. peter doocy rocks off the show report being live from the north lawn this morning. good morning, peter. good morning. we have new insight this morning from inside the white house. we know more this morning about how the pres ....
And an auto workers strike just revving up. Tox on top of twin jolts that could have consumers hitting the brakes. Sellers on wall street, well, hitting in mass. First to capitol hill where the clock is running out and now fear of a prolonged shut down is beginning to set in. Is there anything that d. C. Can do to stop it . South Carolina Republican senator president ial candidate tim scott is here. Bipartisan texas duo, mike mccaul and henry cuellar. Your world is now. Welcome, everybody. Im neil cavuto. We begin with chad pergram on capitol hill on a countdown to a shut down. I guess right now, chad, is looking more and more likely. What can you tell us . Neil, good afternoon. The government is all that shut down right now. Theres no rescue plan out of this culdesac. The house cant approve its own bill to fund the government for a month and bolster Border Security. Th ....
Some big news now that could impact your wallet, federal reserve chair jerome powell says they are no longer forecasting a recession. this comes as the u.s. central bank announced yet another interest rate hike, raising rates to a target range of 5 1/4 to 5 1/2%. that makes this the highest borrowing rate we have seen since 2001, and it also marks the 11th hike in the u.s. central bank s past 12 policy meetings. it s a little bit of a mixed bag on the news here. joining us is cnbc senior analyst, and commentators, and coe-ceo of contrast capital partners, and jeffrey wilfurs at the university of michigan. no longer forecasting a recession, that s significant news. i think it was a hedge statement, in the sense that powell said there s a path to a so called soft landing in which ....