Rating Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

this is your well red world. a lot of major averages down on the prospect that we're looking at higher rates down the road. we got our third 3/4 hike in a row with signs that year's end, rates could be a point to a point 1/4 higher than they are right now. we're north of 4%. some wondering if that is enough to deal with inflation that is double that. let's get the read on what happens today and why. jackie deangelis. jackie? >> good afternoon. this is the fed's fifth rate increase this year. it's the fourth increase in a row. as you pointed out, the third time the market is seeing 3/...

kind of stuff goes away. the white house says -- they deny a recession is coming. listen to this exclusive video that we just got in from fox digital. watch in. >> have you checked gas prices lately? have you checked interest rates? we're in a recession. >> prices are going up, employment pay is not going up as fast. know that a lot of us will be able to enjoy. we'll have to work to be able to pay bills to live, to eat. >> i think we're in a recession. interest rates have gone up, up, up. the economy seems to be slowing down. the price of cars is unreal. if you can get one. >> martha...

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...

Economy, maybe the job has been done for them. maybe they don't need to tighten interest rates. we'll get a 75 basis point hike. for people that don't follow the fed, it means that interest rates on everything. if you want to buy a car or a house, it will go up if they raise rates. should they stop? >> i think the fed was way behind the curve. i think i said this on your show six months ago, the fed should have been rating rates before we got inflation so out of control. remember, nine months ago, everybody said inflation was transitory. it wasn't transitory. it was and high class problem. we ...

>> here's the thing. i do agree with trump in one perspective and that is this. number one job of the fed is not to manage the economy or make us prosperous or rain in growth but to combat inflation. we just saw from the report most recent report we don't have inflation so why are they raising rates? if the rating rates in a non- inflationary environment are doing exactly what trump does not like. they're choking off growth right now. >> i think john and i are in agreement of that. the market manages by itself and things can raise or lower rates and we don't need a fed. they're trying to be al...