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amid pilot shortages. the efforts under way now to keep travelers moving amid the summer travel spike. hopefully no alarm for you today because it is the weekend. it is saturday, june 18th. thank you for being with us. always great to be with you christi. we begin with new fears that the u.s. economy is headed towards a recession. yesterday marked the end of a rocky week for wall street after the federal reserve announced the largest interest rate hike in decades. the dow closed down yesterday, s&p 500 finished slightly up. still wound up with the worst week since 2020. let s look at the brighter side for a moment. we learned that wages in the u.s. are climbing at their fastest rate since the mid 80s. the push, the inflation has risen so fast that workers, it actually equates to being handed a pay cut because their pay is not matching up with the percentage of inflation that we re feeling and the things that we re buying. let s get a closer look at the political ....
The push, the inflation has risen so fast that workers, it actually equates to being handed a pay cut because their pay is not matching up with the percentage of inflation that we re feeling and the things that we re buying. let s get a closer look at the political angle of this and take you to cnn s jasmine wright live for us in washington. the white house has been striking to strike this optimistic tone saying that a recession is not inevitable. but a lot of americans are struggling out there. that s right. even president biden yesterday said his administration was doing every pulling every lever to get the price gs down, but he said he believes the u.s. economy in part because of his administration s efforts are in the best position around the globe to fight the global inflation weer seeing. but that type of optimism does not jibe with what americans are ....