CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024
>> reporter: the federal reserve just made history announcing that they're raising interest rates by 3/4 of a percentage point for the second meeting in a row. we haven't seen anything like that in back to back meetings in modern fed history, but we're not in nor times. we're dealing with the worst inflation inflation prices in 40 years. inflation remains elevated due in part to russia's invasion of ukraine and very high food and energy prices. so the fed is stepping in and acting like the firefighter. they're trying to put this inflation fire out. the goal here is to raise borrowing...