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Just 25% say has not. half say the economy is in poor condition right now. 32% say good. just 5% believe the economy is in excellent shape. today's interest rate increase is the smallest since march, but it puts interest rates at the highest in 15 years. fox business correspondent grady trimble is at the federal reserve tonight with the latest on that. good evening, grady. >> thanks, bret. today's 50 basis point increase puts rates at their highest level since 2007. perhaps the biggest development today, the fed indicating it will keep raising rates even higher next year than it originally tho...

Them 8 1/2 years to use it. investors are looking ahead to a federal reserve meeting and new inflation data. we should get that in a few hours. what should we expect? cpi number is interesting. it terms the pathway for interest rates in the united states. do we see the federal reserve or the central bank kind of pivot towards slower increases in interest rates? that is perhaps a possibility here. so the market is expecting a 50 basis point increase in interest rates. and that will be based, of course, on inflation dropping down from that 7.7% figure we saw in the previous month. but that numbe...

Let's focus on australia now, where in the past few minutes, the central bank has just made its latest interest rate decision. like most central banks, it is desperately trying to tame inflation, and down under borrowing rates have risen by 1.75% since may. what was today's choice? let's go to our asia business hub. nick marsh is there for us. iam assuming i am assuming rates went up again? i am assuming rates went up auain? , , again? yes, they did indeed. they went — again? yes, they did indeed. they went hp _ again? yes, they did indeed. they went up by _ again? yes, they did indeed. they...

Is raging and it's a it's a it's a handiest tax on the working class and it's always propagated by by elites on wall street and in government. so now we're in a pickle. how do you get out of it? and if there's no good choices because the biden administration won't help the supply side of the equation ,which means how do you increase supply to meet the demand they want cut regulations? that would be a smart thing to do. you don't have to cut taxes, cut some regulations, be a little more pro-business, friendly. they won't do that. so all you have is really the heavy hammer and it's a sledgehamme...

Of data points. but in. practical terms, whats matters to the american people is whether they have a little economic breathing the room. >> the labor market is now extremely strong. s this i is not an economy that's in recession. i know. and that inflation thing wasin g transitory then joe said inflation has peaked in december. now remember the federal reserve, they meet this week also. that's going to happen on tuesday where we expect maybe perhaps point seven five basis point increase in interest rates or maybe even a full interest point basis point increase in interest rates. that's going t...