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hovering around 2%. right now, it sits somewhere around 4%. that's certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it's why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expens...

from the coast guard at a briefing set for 3:00 eastern time. meanwhile, we are learning that canada is stepping up its rescue efforts sending in a ship, the hmcs glace bay, equipped with a hyperbaric recompression, and we will be joined in just moments. >> sandra: molly line outside the u.s. headquarters in boston. first get to mike tobin, live at the staging area for the search in st. john's, canada. mike, exactly what we know, officials are reporting the remote operated robot discovered this debris field near the titanic and they are saying it could be linked to the missing titan ...

right now, it sits somewhere around 4%. that's certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it's why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it...

sub? . and sometime this hour, we're also expecting president biden andwe indian prime minist modi to hold a press conference, more than 7,000 guests gathering at the white house earlier today for the official welcome. can the pomp and circumstance overcome concerns about india's human rights record and democratic backsliding? plus, democrats rallying around one of their own. >> adam, adam, adam! >> that's what happened after house republicans censured congressman adam schiff and now have set their sights on impeaching the president. a lot going onon today. we start with that stu...

live. >> reporter: what we saw on the hill is of things to come. gop lawmakers appeared to eager to settle a few scores in the process, set the table for a major take down on the line. first up, it is twitter, former brain trust trying to explain away what gop lawmakers called election interference and partnering with intelligence agencies and lying and betraying the public trust. >> i think you guys got played by the fbi. >> twitter should have reinstated the post account immediately. >> what some called twitter's censorship regime which often labeled fact as disinformation, like yo...