Page 4 - Point Hike News Today : Breaking News, Live Updates & Top Stories | Vimarsana

was the number 1 song. "on golden pond" was the number 1 movie and "fantasy island" was one of the best tv shows. back then, inflation was out of control. fears that it's out of control all over again. nothing like the 20% mortgage rates we saw back then but not like the key players we had fighting that either. think about it. pole volcker aggressively hiking interest rates to stomping out inflation and ronald reagan cutting taxes to bring the economy back after that inflation. that was then. what the heck are we in for now? today, fox on top of americans just hunkering down. we have...

candidate to declare victory any way. inflation jitters are turning into tremors on wall street. the dow has its worst day in nearly two years amid a crash in retail stocks. and a new report warns the world is coming closer to catastrophe as four key climate change indicators set new records. >> live from cnn center, this is "cnn newsroom," with rosemary church. >> good to have you with us. the fiercely contested republican senate primary in the key state of pennsylvania is likely to drag on for days while every last vote is tallied. it's a critical showdown that could affect whi...

Under high inflation and we're taking the only measures we have to bring inflation down. >> and putting 2 million people out of work is part of the cost and they have to bear it? >> well, will working people be better off if we walk away from job and inflation remains 5 or 6%? >> cheryl: they only have so many tools, they are federal reeverybody is, they control employment situation, which is their job, the stimulus that led to inflation and spending led by democrats in washington has gotten us to this point with high inflation, with cpi. what happened yesterday and why markets reacted negativ...

Course having seen that 24-basis point hike recently could they actually enact another 24-basis point hike or with the number having stayed some stubbornly high, could they actually be looking to go back to a 50 basis point increase when it comes to those interest rates as well? so that will be the key question at this point. still pointed towards a 24-basis point hike again for the fed as inflation does look to be headed to that downward trajectory. but as it is, of course, a big slowing, in fact a reversal with that inflation number coming in at 6.4%. so markets turning a bit negative. >> af...

Are not as dire. oliver, thank ou. are not as dire. oliver, thank yom the _ are not as dire. oliver, thank you. the smaller _ are not as dire. oliver, thank you. the smaller move - are not as dire. oliver, thank you. the smaller move in - are not as dire. oliver, thanki you. the smaller move in the united states by the fed was well received by markets. this is what is happening in asia at the moment which is following on from the positive moves we saw in the united states. if we look at wall street, the us stocks closed at their highest level since last summer and government bond also swung hi...