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good tuesday morning, i m erica hill. and i m jim sciutto. some major news just in on your money. new key inflation data finds that americans overall are paying less for items. still, however, some sticker shock out there. will the fed now pause its ongoing rate hikes? we re also closely watching bank crisis fears following the sudden collapse of two regional banks. markets open soon. we will look at where things stand today. plus, loyalty loss. former president trump taking his first stage in iowa since announcing his third bid for the white house, sharpening his 2024 attacks. why he says he regrets ever endorsing florida governor ron desantis. and state of emergency in parts of new england this morning. a dangerous nor easter slamming the region with heavy snow, coastal flooding, powerful winds possible. boy, looks dangerous. that is one big storm. we do want to begin with your money. banking concerns across the nation, we have priscilla alvarez, lauren fox an ....
We do want to begin with your money. banking concerns across the nation, we have priscilla alvarez, lauren fox and christine romans. christine, there is new inflation data out this morning, basically in line with expectations. for once that s a good thing. yeah, look, 6% inflation is hot, it s uncomfortable, but it is eight months in a row of slightly less than the month before. so you re paying more for just about everything, but those price increases are cooling and i think that s important here. when you look at the trend is your friend, jim, as i always say, you can see that line chart very clearly showing peaking on the inflation front. this is, i think, good news for the fed because last month it was a little hotter than we expected month to month and this time it s just exactly in line, which i think gives the fed a little bit of room in light of this banking instability to be able to maybe have a lighter fed rate increase next time around. the fed next meets of course march 2 ....