Main Trait News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Main trait. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Main Trait Today - Breaking & Trending Today
good to be with you. i m chris jansing in for katy tur. as we come on the air, the federal reserve has just spoken. i am told they are raising interest rates three-quarters of a point as the fed hopes to cool off the economy, slow down growth and in turn control inflation. that change can t come fast enough. inflation is at yet another record high, 9.1%, but this key question remains. will it help americans who are clearly hurting? the average cost of groceries has skyrocketed. a dozen eggs, $1.07 more expensive than last year. milk is now $4.15 a gallon, a nearly 60% increase from this time last year and ground beef $5 a pound compared to just $4.56 compared to 2021. gas is now 70 cents cheaper per gallon compared to a record high last month, but for a lot of folks, that is small consolation in the larger picture. we have a lot to talk about and a great panel to talk about it. host of the 11th hour on msnbc and senior business analyst stephanie ruhle, robert herzog and ....
Pain, it makes it more expensive to borrow with the hope that in the long term they re going to cool the economy and get prices to lower. but, chris, it s a complicated situation because when people keep trying to say it s a good economy or a bad economy, you can t. it s a complicated one. because we have very low unemployment. we have strong job growth and so people who can afford it, household savings is up and we continue to be out there spending. so when there is high demand, businesses are less inclined to lower prices. with this additional rate hike, are you going to see things start to cool? the feds certainly hope so. well, that s the question, right? robin, what are the chances. these are some of the most aggressive rate hikes we have seen in decades. people are already hurting from high inflation. now they re going to have to pay more to borrow money. is it too much too soon? and yet the fed s main trait is at what? ....