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major consequences for all americans. just one hour from now the federal reserve is expected to roll out its eighth straight interest rate hike. experts, executives and the markets all hope it will be one of the smallest yet. just a few blocks away, down at the white house, president biden and house speaker kevin mccarthy will sit down for their first stare-down since mccarthy became speaker over the debt ceiling. if one doesn t blink soon, you can say goodbye to federal elt benefits and hello to a financial meltdown, all courtesy of your representatives on capitol hill. let s start with cnn s matt egan over at the fed. matt, is today the day that jerome powell starts to pump the brakes on these interest rate hikes? it certainly looks that way. it would be a big surprise if that didn t happen. fed officials have been dropping hints, strong hints for weeks now that they do plan to dial back this war on inflation today. the thinking is that the fed goes from a 50 basi ....
the international monetary fund has released it s latest economic outlook, and it s grim reading for the uk. forecasts for growth this year have been revised upwards slightly for most major economies, with even russia growing at a faster pace than the uk according to the imf. the stronger performance for most is down to the reopening of china and more resilient labour markets, household spending and business investment. michelle fleury spoke to their chief economist to national monetary fund is sounding a little less gloomy thanit sounding a little less gloomy than it did a view months ago stopping the global lender points to china s recently opening and strong spending by consumers as the reason for its improved global growth forecast at the imf said in its world economic outlook that the cost of living crisis was continuing to bite in most economies with the fund s chief economist telling me the priority now is on reducing inflation in the months to come. on reducing ....
criminal charges today. a source close to his legal team, however, telling cnn the da told them not to expect an indictment until at least tomorrow. so what do we know this morning about what s happening behind the scenes in this unprecedented situation in we will bring you up to speed. plus chinese president xi jinping is meeting at this moment with russian president vp vladimir putin, this is happening in the kremlin. that summit could have major implications for russia s war in ukraine. we will have the latest details from that conversation. and we are watching the stock markets very closely this morning. a lot of green arrows, which is a good thing given the way it s been the last few days as federal reserve chair jerome powell is set to make a decision on another possible interest rate hike, that decision comes tomorrow and will have an impact on your money. we begin this hour with the latest on the former president s possible indictment. cnn s senior legal a ....
right now on early start, going nowhere. almost 1,000 flights canceled as freezing rain pelts airports and roads from texas to west virginia. plus more fallout from the memphis beating. seven police officers off the job, three fired from the fire tent. > department. and secretary of state antony blinken is meeting with abbas after his sitdown with netanyahu. good morning, welcome to our viewers here in the united states and around the world. i m christine romans. we begin with a major winter storm. overnight arkansas governor sarah huckabee sanders activating the national guard as severe weather moves across the state. sleet, freezing rain, bitter cold temperatures impacting some 38 million people from texas to west virginia. a winter storm warning is in effect for a large portion of texas including dallas/ft. worth. schools in the area are closed due to the dangerous conditions. according to flight aware nearly 1,000 flights have already been canceled. chad mye ....
at the united nations headquarters here in new york city. hello, welcome. sandra smith in new york. and as you can expect, the traffic is thick with the u.n. happening. john: never my favorite time of year, no question about this. this is america reports, the president making his annual address to the u.n. general assembly just hours after vladimir putin made a startling speech to the russian people calling up hundreds of thousands of reservists to fight in ukraine, claiming he is not bluffing when it comes to his nuclear threats. the president putting putin on notice. just today president putin has made overt nuclear threats against europe, and a reckless disregard for the responsibilities of a nonproliferation regime. we will stand in solidarity of ukraine, solidarity against russia s aggression, period. sandra: the war in ukraine is not the only international crisis being discussed by the president. he reaffirmed america s one china policy just days after say ....