eyes and when she looks i m behind her, always be there for her. she makes me feel like home. so far away. she feels like carolina. new york city, today. it s hard to understand the way i m living. and i know she thinks i m never coming home. but i m lawrence: if you re just waking up, you are not dreaming, that is parmalee performing. just away, the girl is mine, take my name, and this is for ain ainsley. ainsley: i love this song, it is very popular in the carolinas. any time you include a city or state in your home, it s a hit in that state. brian: even in a different state. ainsley: if he plays that at his concert in south carolina, the place will go crazy. like when billy joel sings about new york or even sings about here. brian: he is stopping residency at madison square garden. ainsley: i heard you were buying his house. brian: very close to it, but it does not have a big enough helipad. ainsley: if we pool our money, can we stay in the house?
this is your well red world. a lot of major averages down on the prospect that we re looking at higher rates down the road. we got our third 3/4 hike in a row with signs that year s end, rates could be a point to a point 1/4 higher than they are right now. we re north of 4%. some wondering if that is enough to deal with inflation that is double that. let s get the read on what happens today and why. jackie deangelis. jackie? good afternoon. this is the fed s fifth rate increase this year. it s the fourth increase in a row. as you pointed out, the third time the market is seeing 3/4 percentage point. the market was trading higher most of the session before the decision indicating they were expecting a 75 basis point hike rather than the full point percentage point that a small group of market watchers thought was possible. then when the news broke about the hike, the fed hikes rates trying to tame persistently high inflation, the economy will slow. consumers and corporations