Fed Hiked News Today

♪ ♪ ♪ >> hey everybody, welcome back. i am yasmin, if you are just joining, us welcome. it is great to see you. if you are sticking with us, we are thankful for that. from texas to california, a growing number of migrants wanting to enter the united states is turning into a humanitarian crisis. can it be fixed? what president biden is saying about it in an exclusive msnbc interview. >> we are in a situation now where 1600 entering the border, if they are not there to enforce the ...

the legal limit, but the tragedy comes the political divisiveness in our country is high. some say president bidens anti-maga platform is making matters worse. >> 75 million people and that is who the mega people were, what do you do with them? what is the logical consequence and you have to do somebody who lives in the shadows and dont leave in the constitution, so you bring out all these nuts and they do something. >> carley: lets bring in nicole bell with this tragic story, i need. ...

this line from an op-ed might be most telling, not a word president biden said will pardon his party from a reckoning next week. this afternoon he will deliver remarks on student debt relief and heads to mexico to no word on whether he will visit the southern border. >> carley: brooke singman has more fallout from bidens speech, brooke. >> brooke: president biden will avoid the main battleground straights as he heads to new mexico and california, this trip after he blasted maga republi...

Fed hiked interest rates again last week, bringing them to the highest rate in 22 years. despite the high cost of credit, some sectors are booming. for example, construction. average gains of roughly 15,000 jobs a month over the last year. residential construction is especially hot, despite rising interest rates. theres just so little existing inventory for sale. inflation has eased. last month prices were up 3% year over year. thats the smallest 12-month jump in more than two years. its still h...

Personally, 70% of working americans say those paychecks cant keep up with rising prices. most say, at best, financially theyre staying in place. but more than one-third say theyre falling behind. nearly half, 45%, think the biden administrations actions are increasing inflation. but nearly two in three believe congressional republicans have nothing to show in the fight to tame inflation. the message, millions of americans still feel hard times, while the fed works to stick a soft landing with t...

Evans. >> todd: how did that work out for the world? >> carley: the u.s. troops would defend taiwan if china invades. a lot of biden critics say that is a good thing and that the biden administration should be walking it back. weve got to leave but they are. thank you for joining us. >> todd: spending the summer trying to convince us inflation is under control. >> i believe there is a path through this that entails a soft landing with the economy essentially stabilizing. >> todd: the fed hiked i...

The Fed hiked by 75 while keeping the door open for more, and this led to a strong response in stocks as the S&P 500 hit a fresh six-week-high.