hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straight on
right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. spell, likewise on wall street on wednesday. still staying on the topic of interest rates, it s going to be a busy day for monetary policymakers here in southeast as
tonight, the trump white house and foreign cash. a new report from house democrat showing donald trump received millions of dollars from foreign governments while he was in office. then, ron desantis ramping up attacks on nikki haley. but does he have a shot at victory? and an 11th hour exclusive. your warning on how a third party challenger could help donald trump win in 2024. it memo to possible donors as the 11th hour gets underway on this thursday night. good evening, once again i am stephanie ruhle live at msnbc headquarters here in new york city. today donald trump made it official. he wants voters to put him back in the white house but today there were stunning revelations about what he was doing during his first term. trump was raking in millions in cash from foreign nations while he was in office. at least 7.8 million bucks according aeport from democrats and the house oversight committee which they titled white house for sale. the report says 20 foreign government
donald trump win in 2024. it memo to possible donors as the 11th hour gets underway on this thursday night. good evening, once again i am stephanie ruhle live at msnbc headquarters here in new york city. today donald trump made it official. he wants voters to put him back in the white house but today there were stunning revelations about what he was doing during his first term. trump was raking in millions in cash from foreign nations while he was in office. at least 7. 8 million bucks according to a report from democrats and the house oversight committee which they titled white house for sale. the report says 20 foreign governments made payments to trump businesses during a two-year period with five and a half million coming from china alone. the money went to trump hotels and d. c. , vegas, and new york. here is one big problem. aside from the optics, it s a little thing in the constitution called the clause that clearly forbids presidents from receiving any gift or benefit
i m dana perino. bill: i hope you had a good weekend. quite relaxing. bill hemmer, good morning. the biden campaign getting off to a slow public roll-out and republicans are busy courting support coast to coast focusing on important primary states. desantis telling voters why he wants to send biden back to the basement in delaware. you have to recognize our country is in decline right now. i don t think decline is inevitable and i m running for president to reverse that decline and to put us on a path to american renewal. we can do it and we ll get it done. i know it can be done because we did it in florida. dana: bret baier joining us in a moment. first rich edson live in washington. you have an update. good morning, rich. good morning. republicans are courting primary voters across the country. governor desantis campaigned in oklahoma where he picked up the governor s endorsement. his first from a sitting governor. we have an opportunity to get a big coalition tog