quote, narrowly tailored to serve the government s legitimate interest in the integrity of the ongoing investigation. media outlets, including nbc news, asked the judge to make it public. trump and his allies have also repeatedly called for it to be unsealed, although they ve made no formal motion to do so. so the question we ll be waiting to find out, what is it going to reveal about the doj s case against the former president. at least, why they had that search warrant. we ve got a team of experts standing by to answer that question and to help us dissect it once we have it. meanwhile, this morning, president biden is on the offense, turning up the heat on what he s call maga republicans. a big change in tone from president biden, slamming their philosophy during a fund-raiser in d.c., saying it s like semi-fascism. then he took that energy on the road last night to a campaign rally, it seemed, in maryland. they re a threat to our very democracy. they refuse to accept the
to our economy. we are making sure that that won t happen. there are always risks of a recession. the economy remains prune to shocks. but look, we have a very healthy banking system . just days after secretary yellen said, that the day inflation rate was down to its lowest 12 month increase since december of 2021. and down from a 7.7% last month to 7.1%. these are still high numbers, and what they are trending in the right direction. and with signs of inflation easing, on wednesday, the now current federal reserve chair jerome powell, who replace janet yellen, announced i have a point interest rate hike is a small increase than the four previous three quarter point rate hikes. everything was looking fine until thursday morning at 8:30 a.m., i was there at my phone waiting for the monthly retail data to be released, because the american consumer, is a canary in the coal mine, if you, well of the economy. others and why the data shows
lowest 12 month increase since december of 2021. and down from a 7. 7% last month to 7. 1%. these are still high numbers, and what they are trending in the right direction. and with signs of inflation easing, on wednesday, the now current federal reserve chair jerome powell, who replace janet yellen, announced i have a point interest rate hike is a small increase than the four previous three quarter point rate hikes. everything was looking fine until thursday morning at 8:30 a. m., i was there at my phone waiting for the monthly retail data to be released, because the american consumer, is a canary in the coal mine, if you, well of the economy. others and why the data shows that retail sales declined by six tenths of a percent. now six tenths of a percent may not sound like much, but wall street reacted to that report with the dow ending down 764 points on thursday, which was the dow s worst day in three months. today, the dow closed down
already turned lower. but he is indicating that the fed is willing to risk some kind of a recession to bring inflation back towards the fed s target of 2%. so what s the expectation for raising interest rates in the near future? he held up the possibility that a larger than normal rate hike could come in september, which means three quarters of a point, probably not 1%, as some might fear. but that would be three meetings in a row of three quarter point rate hikes. something we ve not seen in quite a number of years. the fed is intent on raising interstates, short-term interest rates, somewhere north of 3.5%, which puts downward pressure on the economy. and obviously, as you said, puts downward pressure on the stock market, as well. so we re going to see the fed raise rates likely through the end of this year before they reassess where they are. and they want to see more than just one month of good news on the inflation front, again, before they do any reassessing of the current po
your house, your job, your retirement. time to tick through your personal finance checklist for the new year. first, your home. likely your biggest investment. the fed has signalled interest rates could rise in the coming year, likely three quarter point rate hikes. the fed moving from stimulating the economy to fighting inflation. that means your borrowing costs could rise. the window is closing to refinance your mortgage. if you re in the market to buy a home, it will likely cost more in 2022 than in 2021. home prices on fire. it has been a seller s market in real estate. higher interest rates would make it more expensive to finance a home, but could help cool down red hot prices. it promises to be an exciting year for workers who have the upper hand in the labor market. wage growth is higher than has been in years. employers offering perks and bonuses and flexible work schedules to keep their workers happy and attract new talent.