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nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. let's begin our coverage with cnn's matt egan live in washington taking a closer look at the fed's big move expected today, matt. >> reporter: erica, this is shapi...

of "the 11th hour," stephanie rule, tom costello with us, white house correspondent carol lee and host of public radio's "full disclosure." the news is in, stephanie, three quarters of a point. >> we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and it's currently approaching 9. so 75 basis points is a big move but it's still tricky because what they don't want to do is move so much so quickly that they push us into recession. but if they don't do so...

breakdown. plus, live on the campaign trail where the economy is on the minds of voters in four states holding primaries today. some of these elections the latest tests of the power of the trump endorsement. a lot to get to. we start with that breaking news from capitol hill. mitch mcconnell making some of his first comments on that bipartisan deal on gun reform. our team there as the republican leader gave his blessing to the framework, right, the framework of the deal in the last hour. watch. >> for myself, i am comfortable with the framework. and if the legislation ends up refle...

approval rating. gas prices trending upward and the blue line in the opposite direction indicates president biden's approval average. oh, boy. you're watching "fox and friends first" on friday morning, i'm carley shimkus. >> ashley: i'm ashley strohmier in for todd piro. by the looks of the graphic, not looking so great. >> carley: story of the day congressman fred keller was on last hour and he said what many are feeling. he spoke to a woman at a gas station yesterday and she put four gallons of gas in because she couldn't afford anymore. diesel $5.75 for a gallon of gas, that affec...

got to drive, haven't i? got to go to work. there's nothing i can do really. how much higher can prices go and what you can you do to try and make yourfuel go the extra mile? a change in the law to stop people under 21 buying cigarettes in england is set to be recommended today. help for people on lower incomes to get on to the housing ladder, as benefit payments will be included to meet the cost of a mortgage. driving a wedge through men's golf. the controversial, breakaway golf series that offers players huge amounts of money and is funded by saudi arabia, tees off in hertfordshire...