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is a monster move again, and they have signaled that they are not done and project nag the interest rates are going to be going significantly higher from here, and the message that the fed is trying to convey is clear. they are serious about trying to get stubbornly high inflation back down, but the moves they are making here have lifted the interest rates to the highest level since 2008, and now the fed was late to this inflation fight. they did not start raising interest rates until earlier this years, and they have been forced to play catchup, and that has forced the interest rates to go rapidly higher, and we have not seen three straight moves of a percentage point and we have not seen anything like that since the modern era, and you have to go back to 1981, and this is not a perfect comparison, because that is before the fed publicly announced the fed moves, and what does it mean? it means the borrowing costs are higher, and interest rates and car loans and mortgag ....
putin meets. ukraine is turning the tide in the war and taking key territory. first, 20 hours that matter a whole lot, very lot to your life. the biden white house has a deal in place to avert a major rail strike. the 20 hours of negotiations included a call from president biden, who reportfully sided with union real workers. amtrak is scrambling to get back on the rails trains its canceled as it anticipated the strike. the president holding a rose garden event to savor the moment. it would have meant shortages of key goods and price spikes on everything from gas to key groceries and more. every good you need, is delivered on a rail where it needs to go. today is a win, i mean this sincerely, a win for america. straight to the white house. k walk us through how this happened. reporter: it s not only a big win for president biden but a big relief for the white house, who thought economic consequences would look severe. had they not gone to the deadline on friday. ....
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