it. inflation, it is zapping the strength of a lot of families. that inflation hit 8.6% last month, highest rate since 1981. majority of americans weren t even alive actually. u.s. families paying more for everything. gas, cars, food, housing, just to name a few. plane tickets, everything. and today fed is expected to rise rates three quarters of a point. so that means that people will pay more to get a car loan, houses and even college. that will taste bad, but the hope is that it cools down inflation overall. right now on wall street you re seeing a little bit of optimism here heading into this final fed decision here. in overseas market, mixed performance in asia and europe has opened higher this morning. this is a perfect day to talk to greg mcbride from bankrate.com, he knows something about interest rates, all kinds of different rates. hi, greg, how are you? good morning, christine, great to be with you again. so this rate hlike we re expecting, 75 basis point
responsible for khashoggi s murder. she was asked several times by cnn, by a colleague of ours at the washington post, and she wouldn t give a direct answer. i mean, we have spoken to this before. the president is focused on getting things done for the american people. the question that i asked, though, does he believe that mbs was responsible for khashoggi s death? the murder of jamal khashoggi was something that we and so many others around the world took very, very seriously. he issued an extensive report on khashoggi s murder. go ahead. i have already answered the question. now, the white house has emphasized that when the president goes to saudi arabia, that there are going to be human rights issues that are discussed, though it has been pretty reticent to answer questions about whether khashoggi s murder itself is going to be specifically addressed. and jake, we re hearing now from democrats including some of the pred s allies, basically saying this trip is a
soared. agricultural export problems in russia and production disruptions in ukraine have the world food program tweeting about ripple effects everywhere. these two countries supply about 30% of all the wheat exports. globally. reporter: so money watchers like julia horowitz say i think that joe biden has a point and the war in ukraine is absolutely exacerbating rising food costs and rising fuel costs that are putting pressure on american households across the country. reporter: but hold on, america s inflationary surge started in may of 2020 while trump was still in office. and has skyrocketed under biden. the war effect kicked in only a few months ago. economists say that bigger trend was driven by the pandemic which is still disrupting production in places like china and supply chains all over. but they also cite supply s evil twin, demand for goods and services which is way up.
cnn s tom foreman fact checked the last part and found that putin is not quite the bogeyman that biden makes him out to be, at least when it comes to energy prices. in the air, on the ground, in businesses and homes, rising prices are scorching american pocketbooks. yet who does the white house blame? the leader of far away russia. vladimir putin. we have never seen anything like putin s tack on both food and gas. i am doing everything in my power to blunt putin s gas price hike. certainly, when russia invaded ukraine, global energy prices soared as much of the world turned away from russian fuel exports. agricultural export problems in russia and production disruptions in ukraine have the world food program tweeting about ripple effects everywhere. these two countries supply about 30% of all the wheat exports globally. so money watchers like julia