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 17.25%, if
directly at the actions of trump position. now according to the washington post, prosecutors have asked hours of detailed questions about meetings trump led in december 2020 and january 2021. his pressure campaign to overturn the election and what instructions trump gave his lawyers and advisers will fake electors and sending them back to the states. and in addition justice department investigators in april received phone records of key officials and aides in the trump administration including his former chief of staff mark meadows. meantime the new york new york s reporting on previously undisclosed emails among trump advisers. they were discussing their scheme of fake electors and they actually used the word fake. so there is a lot to digest here. let s break it down. and joining us now is counsel to the house democrats during donald trump s first impeachment trial. he was also the obama white house ethics czar. and also elie honig, former
2023, 20241234. the 9% includes energy and fuel which is quite volatile.34 the 9% includes energy and fuel which is quite volatile.4. the 9% includes energy and fuel which is quite volatile.. the 9% includes energy and fuel which is quite volatile. we expect commodities also coming down. so that is volatile month to month. we know supply chains are easing. we know the federal reserve is doing what it can to cool the economy. and so we are i am confident that over time we will see inflation come down. given the war in ukraine, it is hard to really predict exactly when, but we do know over the coming next couple of weeks we expect gas prices to continue to falling. which should generate some relief for american families. but it is hard to get much further than that again given the unprecedented challenges that we re facing globally. cecilia, appreciate your time. thank you very much. new developments today in the justice department s january 6 criminal probe. we ll take a c
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you say you hear a level of invest specify icity in that area. yes, when he says that he is going after anyone who interferes with the lawful transfer the power, it is a mosaic of evidence. but you know, another way to think of that is like a jig saw puzzle. when the images start to emerge, all of the evidence including garland using these words for the first time suggests to me that there is one person who was we nknow in charge of interfering, the person most responsible under our constitution for the lawful transfer of power, we ve never seen a person in this office do this before in the history of the united states. that is the president of the united states. and the ex-president donald trump. so i think that those were sharper words than we ve heard be before. of course we have to see where we go.