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unprecedented step -- possibly, at least leaving the door open -- prosecuting trump saying no one is above the law. the federal reserve is meeting today. experts predict it could raise -- make its second significant rate hike in just six weeks. first, let's get more on the reports that the doj is asking questions about trump's actions around the january 6th insurrection. what more are we learning? >> reporter: good morning. what we're learning is from "the washington post" reporting that they've asked a number of questions about trump's role. the department of justice and witnesses...

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...

Prices have all created an entirely different life that what anna duran was used to. she now turns in recycling for cash. >> you get $1.37 a pound -- >> reporter: and works part-time as a caretaker but it barely covers the bills. >> this is my mortgage, $825.24. this is my car payment of $482.99. >> reporter: those are just some of the fixed costs. she lives in riverside county where the metro area's annual inflation rate in june was likely around 10%, higher than the national average. that's because people move to the relatively more affordable inland empire during the pandemic driving up pop...