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a year later, a commitment to see the inflation fight through. >> we are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply and to keep inflation expectations anchored. >> this week only a few days left in august along with a data-palooza for the recession game. that critical jobs report for august set to be released later this week. the jobs market has remained incredibly firm in the face of recession fears and rising interest rates. the fed meets in september and is certain to raise interest rates again in its fight against high prices. the cure for inflation, of course, has its own side effect, it makes consumer borrowing more expensive for cars, homes, student loans, credit cards. the 30-year fixed rate mortgage starts at 5.55%, double what it was last year. in new york, i'm christine romans.

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