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premiums all up. the cost of food consumed at home rose nearly 12%, food away from home, 7.4%. the gasoline index has increased 48.7%. the average national price of a gallon of gas this week, is at $5, highest in california at $6.42. trying to stem inflation, the fed said it will raise interest rates by three quarters of a percentage point, the biggest hike since 1994. new projections show interest rates may hit 3.4% by the end of the year, but because inflation is rising far faster than any of those rates, any money in savings is still being eroded. there's also a spade of layoffs a...

side. and, the january 6th hearing that was set for this morning aimed at trump's influence on the department of justice has been postponed. we'll tell you what's next for the investigation into the insurrection. ♪♪ good morning. welcome to "way too early" on this wednesday, june 15th. i'm jonathan lemire. we're learning new details about the next january 6th committee hearing which will now take place tomorrow afternoon. a hearing originally scheduled for today has been postponed. congress woman zoe lofgren said it was stemming from an overwhelming demand on staff to produce...

join us coming up. >> john: first fox news alert to an economy in crisis. americans crushed on high prices from gas to food while their retirement accounts evaporate. growing concerns a dramatic move by the fed on interest rates could send the economy spiralling into recession. john roberts in washington. sandra. great to have you back. >> sandra: i am sandra smith in new york. this is "america reports." we are watching all of this, brand-new numbers today from may painting a bleak picture of the american economy. consumer and producer prices still skyrocketing, and hitting record hi...

good evening once again, i am stephanie ruhle. 179 days until the midterm elections. and tonight, the january 6th committee is under pressure to figure out its next move. given the very real likelihood none of the five subpoenaed republican lawmakers will comply. earlier today, one committee member suggested it is not over yet. >> we have all of the options that would be available to us for someone like steve bannon, or mark meadows, and then additional options because there are members of congress. >> of course, bannon and meadows were held in contempt, bannon now facing criminal ch...

until the midterm elections. and tonight, the january 6th committee is under pressure to figure out its next move. given the very real likelihood none of the five subpoenaed republican lawmakers will comply. earlier today, one committee member suggested it is not over yet. >> we have all of the options that would be available to us for someone like steve bannon, or mark meadows, and then additional options because there are members of congress. >> of course, bannon and meadows were held in contempt, bannon now facing criminal charges for stonewalling the investigation. as the committ...