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It's the last few weeks before the feds next policy meeting and as recession fears grow, investors are counting on the central bank to beat back inflation once and for all. here's cnn's vanessa your cabbage. hi jim. it's the final few days of april as investors remain focused on the fed's fight to battle inflation. the labor market is showing some signs of slowing and that's good news for the federal reserve, the number of people on long term unemployment hit its highest level since late 2021. but the view ahead remains murky as we enter the final full week before the fed's policy meeting , th...

Back inflation, which by the way is already falling. gasoline prices have come down 51 days in a row. other inflation indicators, copper, food prices, all of those are falling as well. so the concern is, does the fed continue to try to dampen demand and actually push the unemployment rate up to ease any further inflation pressures, or at some juncture do they come to the point and decide this is a goldilocks environment. we've got a lot of good things going on, we're rebounding, the economy is stronger than most people realize. the only reason it would go into recession, i believe, is if the f...

The fed will likely raise interest rates this week. we expect 75 basis points, three-quarters of a percentage point. that's kornt for consumers. this is the fed in the midst of trying to beat back inflation at a 40-year high and it means your borrowing costs are going to rise. there's a consequential event this week, which will be higher interest rates for you up. mentioned, poppy, thursday, that first reading of second quarter gdp, there's a possibility this is a negative number. two consecutive quarters of negative growth. that's one of the factors that can be used to determine a recession. ...

Seen in four decades, joining sus a professor of economics in public policy at the university of michigan, always good to have you on. if the fed moves interest rates up a half point as expected. how are every day americans going to feel this? >> well, i this i this note if, it's a dead certainty it's just about to happen and they're spell-checking the pre release right now. what it means depends on where you are in your life cycle. if you are about to buy a house, it means mortgage rates be go up. it will be tougher to put groceries on the table. on the flipside, it will cool the housing mark...

Joe manchin. west virginia democrat singh this week that while a revival of build it back better is not on the table, he is open to changes to the tax code as a way to cope cut back inflation. >> we need to get our financial house in our live runaway inflation that's with the first and foremost thing in our mind. turning every day, everybody in america is going to be hit by this we should be changing our tax code to make it fair and equitable and everybody peg no matter how rich you are. everyone participates. paul: was bringing about was regional columnist dan henninger an editorial board mem...