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pace since june. and that could have major economic and political fallout. lucas tomlinson is live at the white house with more on this. lucas. reporter: jon, jp mayor began ceo jamie dimon thinks the fed has lost some control over inflation. a chemming contact congressman representing joe biden s home hometown in scranton responded earlier on fox. i wouldn t go that far, but what i will say is i think they got a late start. i think they should have started ticking interest rates up a little bit much earlier, maybe six months earlier than they did. reporter: new economic data shows inflation is getting worse. the personal if consumption execs pendtures price index, the fed s preferred gauge for inflation, rose .6% in january. the annual inflation rate also rose to 5.4%, the first increase since it peaked in june making some wonder if the fed is behind on inflation. president biden reacting to the economic news in a statement which read in part: annual inflation in ....
prompting concerns now that the fed could keep raising those interest rates well into this year. welcome to fox news live, i m aishah hasnie, hi, griff. griff: i m griff jenkins. and it s great to be with you. and the biden administration is facing scrutiny over the massive amount of spending over ukraine. lucas tomlinson is on the snowy white lawn of the white house kicking things off for us. high inflation is reducing savings nationwide and producing more credit card debt coupled with higher interest rates. many americans are feeling the squeeze and we don t have to tell the viewers, we feel it every day. let s look at the new inflation index that just came out. this is the personal consumption price index, the feds preferred gauge of inflation. and it rose and beating analyst expectations roughly 4% increase and annual rate 5.4%, as you mentioned the first inflation in inflation data since it peaked in june making some wondering if fed is behind in inflation fight. ....
i m kristin fisher. i m jim sciutto, and top of the hour, alex murdaugh right there on trial for murdering his wife and youngest son is expected to take the stand and testify in his own defense. we will take you to the courtroom when it happens. plus any moment, the ntsb is egs expected to release a preliminary report on what led to that toxic train derailment today. and this morning pete buttigieg was there and this after citizens were demanding answers at a town hall overnight. i m 65 and a diabetic, and now, did you shorten my life now? i want to retire and enjoy it. how do we enjoy it? you burned me. we were going to sell our house, and our value went, vroom. jim, i am terribly sorry. what i will do is to get this right. we will get the cleanup right, and we will reimburse the citizens and we will invest in the long term health of this community. a chance there for the folks to confront the ceo of norfolk southern. and when we get a look at that report f ....
deadly rampage. police say the suspect in the murder of a 38-year-old woman later returned to the scene and shot and killed a 24-year-old reporter who was covering the story before fatally shooting a 9-year-old child in a home nearby. for the journalists in orlando, it s a story that hits unbelievably close to home. this is every reporter s absolute worst nightmare. coming up, the details we re learning about the 19-year-old suspect and how the community is trying to make sense of this tragedy. plus, any second we expect to get our hands on the national transportation safety board s preliminary report on the ohio train derailment that led to the controlled burning of hazardous chemicals. it could offer new clues about what went wrong. there are still lingering questions about the health is and safety of the air and water. this land is everything to me. we have a stigma here that we re dirty, and it hurts everybody here. transportation secretary pete buttigie ....
His son paul took moments before the murder. and he testified his distrust of law enforcement and paranoia due to opioid use led him to try for nearly two years. i would get paranoid thinking, and it could be anything, that triggered it. it might be a policeman following me in a car. that night, june 7th, after finding mags and paul, don t talk to anybody without with you. my partners were repeatedly telling me that. and on friday, the prosecutor waters hammered away at his location at crucial points, video, gps data, texts calls and a step count on his phone to account for his ....