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is a monster move again, and they have signaled that they are not done and project nag the interest rates are going to be going significantly higher from here, and the message that the fed is trying to convey is clear. they are serious about trying to get stubbornly high inflation back down, but the moves they are making here have lifted the interest rates to the highest level since 2008, and now the fed was late to this inflation fight. they did not start raising interest rates until earlier this years, and they have been forced to play catchup, and that has forced the interest rates to go rapidly higher, and we have not seen three straight moves of a percentage point and we have not seen anything like that since the modern era, and you have to go back to 1981, and this is not a perfect comparison, because that is before the fed publicly announced the fed moves, and what does it mean? it means the borrowing costs are higher, and interest rates and car loans and mortgage rate
Interest-ratesRatesFederal-reserveCnn-newsroomVictor-blackwellAlisyn-camerotaRecessionReserveMatt-eganDecisionFine-line0-75 rising causing residents to track towards higher ground. absolutely nuts. brian: more than 70,000 floridians are without power this morning. governor ron desantis urging residents to get out. time to evacuate is come to an end. you need to evacuate now. the governor will give another update in just about 30 minutes. we will bring that to you live. first, we have live fox team coverage janice dean tracking the storm s latest path. fox news weather we start with robert ray in fort myers. robert? good morning. you know, as light is about to come up here and these rain bands and window really intensify, conditions are deteriorating here in fort myers beach. the gulf of mexico, just a football field over there. churning up. i was just over there. when it gets light, we will show you that. you can see right now, these heavy bands as hurricane ian is right out there. the eye center is about 70 miles from where i m standing it s 30 miles wide and the window fell well over 300
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