Big Fed Day News Today : Breaking News, Live Updates & Top Stories | Vimarsana

mike pence were questioned in front of a grand jury about the scheme to use fake electors to overturn the 2020 election. that includes the role of trump lawyers john eastman and rudy giuliani. "washington post" and "new york times" report that the prosecutors asked directly about former president trump's involvement. daniella diaz is on capitol hill for us. this would be a big step asking insiders directly about trump. what is the attorney general saying about this case? >> reporter: the justice department will not comment directly on this grand jury testimony, but look, merrick garl...

Sign that it may be topping out. the same house payment last year is costing hundreds more a month this year if you were getting a new loan. in may the average interest rate for a fixed rate mortgage was about 5% up from 3.2% in january. so much to get through here. let's bring in the professor of economics at harvard university on this big fed day. nice to see you again, ken. you know, 75 basis points is a big one time move for the fed and this will be the second one in a row. what does it tell you about what the fed is trying to accomplish here and what do you expect from the weeks and month...

Of this uncertainty. but today we got an inflation number and it didn't really give the fed any reason to move. it was u.s. consumer prices, and they actually edged down in august, the first decline in seven months. the core inflation rate that strips out energy and food costs with be that was only up 0.1%. very modest and only up 1.8% over the past 12 months. so if the fed was looking for a trigger to move on inflation, today's numbers certainly didn't give it to them. >> mandy, what about this big job cuts news out of hp? >> right. hewlett-packard. you know it is splitting into two companies...

Mcconnell, he doesn't wish to comment on the subject until mitt romney comments. congresswoman jan of illinois. thank you for commenting on these issues. we appreciate it. >> thank you, martin. next, the president and putin. how cold are things down mexico way? first, amanda why drury has the cnbc market wrap. good afternoon. >> good afternoon to you as well. let's take a look at how stocks are doing right now. we've got a really nice rally on our hands. you have gains to the tune of 113 points for the dow. the s&p is currently up by 14, and the nasdaq gaining 35. as i said, a good rally we'...