Page 20 - Basis Point News Today : Breaking News, Live Updates & Top Stories | Vimarsana

future of the program remains in jeopardy for hundreds of thousands of people that call america home. we'll talk to one of those dreamers later this hour. >> we begin with the efforts to bring down the skyrocketing prices we're paying for gas, groceries, and many other items. in a few hours from now the federal reserve is expected to announce its third interest rate hike this year. raising a key interest rate by three quarters of a percent. that's the largest increase since 1994. this comes as president biden looks at other steps to try to reduce the highest priced spikes in more tha...

of "the 11th hour," stephanie rule, tom costello with us, white house correspondent carol lee and host of public radio's "full disclosure." the news is in, stephanie, three quarters of a point. >> we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and it's currently approaching 9. so 75 basis points is a big move but it's still tricky because what they don't want to do is move so much so quickly that they push us into recession. but if they don't do so...

control. inflation hit 8.6% last month, the hottest inflation since 1981. the fed meets later today. fed funds futures markets are pricing in 0.75 point rate hike to curb inflation. the "wall street" journal reporting the fed is likely to make a move larger than the 50 basis point move a few days ago. a terrible day yesterday, a terrible two days. cnn's claire severe webastian i london. is there stability in europe? >> a little bit more stability today in europe and asia as they continue to sort of digest the falls that we saw those inflation fears out of the u.s. a mixed picture. as...

hearing takes new turns. the january 6 committee accusing donald trump of scamming his supporters out of $250 million. laying 0 out the case that trump solicited money from backers by using lies as a fundraising tool. adding that he sent up to 25 emails a day, soliciting donations for illegal funds that simply didn't exist. but is it potentially criminal and will attorney general merrick garland pursue or prosecute it as such? those are the key questions emerging from the hearings overall. and there seems to be a new rift emerging from the january 6 committee itself on the very sub...

we start on the markets because — a day after wall street closed at new record highs — the jitters have returned. but i don't seem to have a camera! what i can do is... you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields — the effective interest rates on government debt have soared again. the yield on the 10—year us treasury bond hit almost 1.75% — its highest since the very start of the pandemic back injanuary 2020. what's that telli...