that should motivate you. will you sue him for us? we re going to sue him. we re going to be a real pain in the [bleep]. president trump cannot avoid justice in the great state of new york. since i ve been in office the past two years, my office has either led or joined to 68 lawsuits against this administration. martha: okay. you get the idea. after three years of investigating real estate properties on their books, a high profile announcement that she s suing all of the working trump family mens. andy mccarthy is here on developments this hour. but first, this huge story as well today. a cornered vladimir putin drafting up to 300,000 reservists, recruiting at russia s prisons as well to battle back ukraine. while warning america and its allies that he s not bluffing when it comes to his nuclear and war capabilities. a short while ago, president biden was at the u.n. calling for a unified push back to russian aggression, also calling out china for transparency over t
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