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And so it would be another indication that inflation is starting to ease and that the fed can start easing back as well. emphasis on start, as we are still a long way off from jerome powell's stated goal of 2% inflation. so joining me now is nbc's tom costello, and the host of "full disclosure" robin farasad, he would have been here before. tom i can see you're looking to see what the rate hike is. >> we have it. breaking news. the fed is hiking rates by another half point, 50 basis points, as they say on wall street, half a point, that is the seventh rate hike so far this year. we've already ...

Problem. it is not going to be over quickly. the fed is seeing signs that inflation is starting to moderate, and it is now hiking rates by just a quarter, a half point, rather, rather than three quarters of a point, and we expect a quarter point hike next month. it is an incredibly complicated problem the fed has to get through. >> they don't want to overdo it. we're also looking for signs that they are going to hint at what the next rate hike might be. there is some chatter out there that the next one when it comes in february might be the last one for a while. what you are watching for? >> m...

How many more rate hikes could we be in for? we have had five this year. >> yeah, we have had five and had them really quickly, alex. it's rate hikes we have not had this many this fast in a very long time. and 11 million open jobs, and what that tells us is the labor market is still hot and still tight, which means wage pressure is there, and it will tell the fed we can't pump the brakes just yet, and there's nothing on the data on inflation that suggests rate hikes don't have much of an impact, outside of having a housing market. tomorrow we will get three quarters of a point, and what inves...

TOKYO (AP) – Hong Kong’s share benchmark soared more than five per cent yesterday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7 per cent after its central bank hiked its benchmark interest rate to 3.5 per cent, saying inflation remained too high and labour scarce. The half-point rate hike […]

>> is another interest rate coming? and if so, how soon? >> the next meeting in november, which i think happens to be on election day, as it happens, i will have to double check but i think that's right, another rate hike, even a half point or three quarters of a point and unless somehow the inflation miraculously comes down between now and then which is not likely to do. so yes in november another hike and probably several more after that. >> i mean we used to talk about quarter point here, a quarter point there, when did it get to be three quarters? >> it's been 30 years since we did three q...