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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto July 7, 2024

guns in this country. we ll bring you all the breaking developments from the supreme court as they all happen this hour. that s right. also this morning, we follow several economic stories. hours from now, we could potentially see the biggest interest rate hike in decades. experts believe that the federal reserve is poised to hike rates as much as 0.75%. that may cool inflation, american consumers would feel the impact in many other ways. mortgages, car loans, credit cards and student borrowing would all become more expensive. also this morning, in an effort to drive down historically high gas prices, the biden administration is putting pressure on oil companies for, quote, concrete ideas, lower rising costs. we are following all of that. also, new details on mike pence to block the certification of the election. vice chair of the committee. congresswoman liz cheney teasing ahead to tomorrow s hearing releasing a portion of a taped deposition with former trump whi ....

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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto June 4, 2024 14:08:00

Accelerating. so despite fed chair jay powell in may saying he wouldn t raise rates more than half a percent, there is widespread belief here on wall street that the fed misjudged the hot inflation environment, it misjudged the market reaction. we see in a bear market and today the expectation is that the fed could get tougher on inflation and raise rates three quarters of a percent, and as you mentioned, that is a rare event. last time it happened, it was 1994 with allen greenspan at the helm. never mind that powell took the higher rate off the table. this is what i m hearing investors want to see happen today. it s what they believe can keep the market from selling off more, and if the fed today doesn t raise rates at a bigger clip, the market is hoping the fed telegraphs the more aggressive rate hikes are coming down the line which we would hear in the forecast, poppy? we ll be watching closely. thank you to john harwood, matt egan, and alison kosik. ....

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