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CNN CNN Newsroom With Ana Cabrera July 7, 2024

more on all of that later this hour. but first the critical decision set to drop soon from the federal reserve. and cnn business correspondent rahel solomon is here with us. walk us through what is to come in the next hour or so and why it really matters. so the expectation is that chairman powell will raise rates about three quurs of a percent. that is not one to one in terms of borrowing costs. we won t see borrowing costs raise 75 basis points. but it does influence all of the categories. so costs will continue to go up. and i want our viewers to enter understand what this really means for them, for their wallets. and i know you ve pulled a few examples. yeah, i ve been working the phones. let s start with credit cards. we ve already seen credit card rates accelerate quite rapidly this year. and right now the average rate is about 17.5%. according to bank rate, if you are holding a $5,000 balance which is the national average, you have a current ampt pr of 17.2 ....

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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:55:00

All six winning numbers in last night s drawing. the next chance at this growing fortune is friday night. if someone wins t will be the third largest megamillions prize in the game s 20-year history. good luck. you can t win if you don t play. before we go now, what is the true impact of wildfires? w. ka memal bell is in californ to understand why these catastrophic fires are happening and how we can prepare for them. an all new episode of united shades of american airs sunday at 10:00 p.m. eastern on cnn. that does it for me, thank you so much for joining, i m ana cabrera in new york, you can always join me on twi twitter @anacabrera. the news continueses next witht alisyn and victor riright after this. have a great afternonoon. here to meet thosese high standards isis the walgreens health and wellness brand. over 2000 high quality products. rigorously tested by us. ....

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