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testify next week and the role the white house supreme court justice plaidyed in overturning the election. the key moment in the fight against coronavirus. the cdc set to vote on recommending vaccines for young children. . good morning, it s saturday, june 18th. we are grateful that you re starting your weekend with us. it s always a pleasure to be with you. good to see you, too, boris. let s talk about the new fears that we re learning about about the u.s. economy and it is headed towards a recession. friday marked the end of a rocky week after the federal reserve announced the largest interest rate hike in decades in an attempt to tame inflation. the dow down, the s&p slightly higher but still the worst week since 2020. we also learned that wages in the united states are climbing at their fastest rate since the mid 1980s, but inflation has climbed up so quickly that workers have been been handed a pay cut. america is in a stronger position than any other n ....
The average is now 5.87. that s almost twice as high. this is going to price some people out of the housing malmarket. the higher mortgage rates go, the less home you can afford. business leaders and investors are getting nervous. a survey sound 60% of ceos and executives expect a recession by the end of next year and 15% say we re in a recession. recession fears caused more market mayhem on wall street. these losses are shrinking investment portfolios, 401(k) plans and college savings plans. they hoping the fed can get inflation under control without causing a recession. but the risks are clearly rising. joining us now to discuss the implications cnn political commentator aor errol lewis. ....
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