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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 r...

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 ...

Context. he is studying the problem, he is studying the issue and will be making a decision in the coming days, weeks. he will make a decision after he is fully and thoroughly considered his options. >> you've expressed confidence invite fin the fed. and we know it is already at 9% right now.nvite in the fed. and we know it is already at 9% right now.vite in the fed. and we know it is already at 9% right now.ite in the fed. and we know it is already at 9% right now.te in the fed. and we know it is already at 9% right now.e in the fed. and we know it is already at 9% right now. in the fed. and ...

Shadow government as though trump is still president or going to return to the presidency in a matter of weeks or months which is inaccinaccur. meadows is doing it because he knows that's what the base wants. >> will something else keep donald trump from running? we don't know. he wants the option open. he wants the republican party to think i'm sheriff. don't think about it. the question is what happens in the meantime? should he invest to prove i still have the juice or should he pull back because we've seen a couple examples where his candidate has lost in primaries. i don't want to overblo...