the caucuses seven years ago plus, themarkets get a break as cooling inflation sparks a much needed rally on wall street. but what about main street what does the latest report tell us about the cost of food and clothes and electricity? we ll break it all down for you. and forecasters in california warning that a new round of rainstorms may bring large scale and long lasting flooding up to eight more inches of rain falling on areas yet to recover from last week s storm as the totals reached levels not seen in decades all this as the northeast sees its first real snow of the season, less than a week before the official start of spring we have a lot going on we ll have all of it for you in just a minute. but we start with donald trump unveiling his strategy for presidential run number three, fully embodying the combative, insulting and misleading campaign style that made him president. but that we had seen very little of in recent months. it started before he even got to io
all we know is tomorrow powell will spring to his slay and his team a whistle. we don t know where he will fly. we probably don t know what a down of a thistle is, but we know what a down stock market is. so we want to hear something as st. jerome drives out of sight. it s that something that is giving us all of this fright. in the meantime, this night before we ve got you covered for what could be in store, with legendary billionaire investoring ken fisher on why it s not action bad as you think and to powerful south dakota republicans who president biden said, you know, they don t stink. all that and adam kinzinger on the prancing and pawing on each january 6th member s hooves and how investors are already hit the roof. i m neil cavuto. to finish this sort of holiday theme, let s go to jacqui on news that might make you scream. it s a veer between christmas themes and dr. suess. take it from there. i think it was very eloquently put, neil. on in eve of the fed decision, o
vehicle prices, especially used vehicle prices, energy, food costs, those were the big things that everyone was looking at but there are still a lot of incidentals, things like auto insurance, up 14.5% year over year we saw big jump in airfares over the last months, just 6.5%, up in february, 26.5% up year over year so still a whole lot of things, stuff getting worked through the economy and still posing a big quandary for policymakers, for the economy, still hearing a lot of recession talk and inflation is still very much a problem. what might this mean when the fed gets together and they decide what to do about interest rates? the market has been all over the place and a lot of cross currents in the past several days jerome powell got up in front of congress last week and made some very hawkish remarks that the market interpreted as himsayin we could be looking at a half point interest rate hike when the fed meets again next week.
year deal with more spending levels. most of the disagreements are over how much money should be spent on non-defense domestic priorities. u.s. financial markets are looking to rebound from a disappointing performance on wednesday. right now the futures look a little bleak, all in negative territory there. stocks fell after the u.s. federal reserve announced a half point interest rate hike. the dow closed down .4 of a percent. the nasdaq fell 3/4 of a percent. more now on the fed decision from cnn s matt egan. reporter: rosemary, the fed is still pumping tough medicine into the economy trying to get inflation back into control. it s lowering the dosage of that medicine a bit. after four straight rate hikes of 75 basis points, the fed is now raising interest rates by 50 basis points. that is an acknowledgment that inflation is cooling off, that
from africa who are in town. and he was watching the france v. morocco game right next to the prime minister of morocco. morocco went on to lose. bret? bret: tough one on that. peter doocy auto live on the north lawn. thanks. world cup. american soccer writer grant wahl died of a ruptured blood vessel when he was stricken while covering a match last weekend according to autopsy report there had been all kind of speculation that wahl might have been targeted in some way after negative reaction to his wearing of a t-shirt emphasizing gay acceptance. the 49-year-old had complained earlier that he was feeling poorly and his family weighed in about the autopsy. today on the markets, wall street went south after the federal reserve announced a half point interest rate hike. the dow lost 142, the s&p 500 fell 24. the nasdaq dropped 8 of. degree quarters of those surveyed in the new fox poll tonight say inflation has caused them financial hardship over the last six months.