testify next week and the role the white house supreme court justice plaidyed in overturning the election. the key moment in the fight against coronavirus. the cdc set to vote on recommending vaccines for young children. . good morning, it s saturday, june 18th. we are grateful that you re starting your weekend with us. it s always a pleasure to be with you. good to see you, too, boris. let s talk about the new fears that we re learning about about the u.s. economy and it is headed towards a recession. friday marked the end of a rocky week after the federal reserve announced the largest interest rate hike in decades in an attempt to tame inflation. the dow down, the s&p slightly higher but still the worst week since 2020. we also learned that wages in the united states are climbing at their fastest rate since the mid 1980s, but inflation has climbed up so quickly that workers have been been handed a pay cut. america is in a stronger position than any other nation
the dow down, the s&p slightly higher but still the worst week since 2020. we also learned that wages in the united states are climbing at their fastest rate since the mid 1980s, but inflation has climbed up so quickly that workers have been been handed a pay cut. america is in a stronger position than any other nation to overcome inflation. and he addressed rising fuel costs. in the united states, i m using ever lever available to me to bring down prices for the american people. and our nations are working together to stablize global emergency markets including the largest release from the global oil reserves in history. the white house is pushing back on the grim economic outlook with officials saying a recession is not inevitable.