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max foster here in london. just ahead great likelihood is that we will have a recession. this 40 year high in inflation is having a real impact on the economy. consumers are shifting their spending to more essential categories like food and fuel. our investigation though it is not a criminal investigation certainly has brought some things to light that doj is watching. doj is now inside the white house for the first time. that is a big change. it is a hard grind, that is what ukrainian commanders are predicting to try to push the russian troops back. it is wednesday, july 27. 9:00 a.m. here in london, 4:00 a.m. in washington where in the coming hours, the u.s. federal reserve is expected to hike its benchmark interest rate in the latest attempt to cool the economy and tame inflation. the country s gdp will be released tomorrow with analysts waiting to see if the numbers show that the economy has slowed again. add in soaring prices, rising expenses and an ill p

United statesAll around the worldMax fosterWhite houseWednesday july 27U s federal reserveBenchmark interest rateRecession fearsPerforming stock marketJob growthMorgan stanleyRegister votersPrice increasesEconomy doesn t look se recessionaryHurricane donaldConsumer confidence