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Today? the bank will probably announce a 25 basis _ today? the bank will probably announce a 25 basis point - announce a 25 basis point increase but there is a chance it could be 50 basis points because the bank of england sets interest rates on a committee bases, there are nine members and in the last meeting three members voted for 50 basis points so it's possible the balance could swing in favour of that kind of move. and what's your take on how the bank of england is navigating the situation we are in currently as far as the uk economy is concerned? we have to do a lot _ economy is concern...

Here's the thing. tomorrow the fed is going to meet. they are talking about not just the 50 basis point increase but a 75 basis points because it is jerome powell also along with joe biden totally missed the boat. here's the thing, we are going to go through some rough times and there's nothing they can do about it because they set us up for this. it's horrible. it's a bad situation. >> tucker: in one sentence, we are about to see a crash in asset prices, correct? >> we're seeing it. it's likely to get worse. the real question is do we bite the bullet and raise interest rates dramatically and ...

Prices have increased, this food distribution center has steadily seen this number -- the number of people walking in here go up. it's risen steadily since january. all of this is a sort of on the ground barometer for how difficult inflation is in america right now. jose? >> talk to us about the fed decision today, how will it affect consumers? >> so what it comes down to right now, jose, is that based upon all the things that jacob just laid out, the fed has an easy task, if you want to paint it that way at this point, they have to bring down inflation. they have to stabilize prices in this c...

Year from the —— where the economy will be a yearfrom now. we will look the —— where the economy will be a year from now. we will look for evidence that inflation is moving down, consistent with returning to 2%. we anticipate that ongoing increases will be appropriate. the face of the changes will continue to depend on the incoming data and the evolving outlook for the economy. clearly, today's 75 point increase is an unusually large one and i do not expect moves of this size to be common. from the perspective of today, either a 50 basis point or 75 increase is most likely. we will mak...

Higher inflation, higher interest rates and slower growth. investors have been addicted to bigger returns on fast-growing tech stocks, for example, they have to refigure their portfolios. that's what you're seeing here. the big thing, over the past 24 hours, i think, is the supporting that the fed is likely to raise interest rates, 75 basis point, not half a point. today, tomorrow, we'll find out tomorrow, for sure what it wants to do. it's behind the curve on inflation. >> we spoke last friday on this very set after friday's cpi report about whether 75 basis points or three quarters of a perc...