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KNTV NBC Nightly News With Lester Holt June 4, 2024 23:12:00

It was in april. now we have seen prices drop at the gas pump, for example. also domestic airlines ticket prices are dropping. but core inflation, you strip out food and energy, still running a 5.3%, and rent is really soaring. it is up 8.7% year-over-year. so will the fed keep hiking interest rates to tame inflation? it s already raised rates a total of 10 times since march of 2022, leading to higher borrowing costs, credit cards and mortgages. the fed is not expected to raise rates when it meets tomorrow. however, a july rate hike right now is certainly not off the table at all. lester? all right, tom, thanks. in 60 seconds, the severe storm threat tonight. plus, the skyrocketing cost of home insurance in florida, and the impact it s having in the susunshine statate s real estatate market.. ....

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