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Transcripts for KGO ABC World News Tonight With David Muir 20240604 22:40:00

Overruling roe versus wade and the case that legalized gay marriage. er david? terry moran at the supreme court. thank you. in the meantime, we do turn to the economy. the other major headline tonight. your credit cards, loans, and new mortgages. the federal reserve raising interest rates a half a point to try to slow down this economy and inflation. the largest interest rate hike since the year 2000, 22 years. investors knew this was coming and they were relieved the fed doesn t plan to get even more fe 20 markets with the do 2, here sef business correspondent is breaking it down tonight. reporter: tonight, federal reserve chair jerome powell announcing the largest interest rate hike in 22 years. inflation is much too high, and we understand the hardship it is causing. and we re moving expeditiously

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