Rnlg Making News Today : Breaking News, Live Updates & Top Stories | Vimarsana

it. >> inflation, it is zapping the strength of a lot of families. >> that inflation hit 8.6% last month, highest rate since 1981. majority of americans weren't even alive actually. u.s. families paying more for everything. gas, cars, food, housing, just to name a few. >> plane tickets, everything. and today fed is expected to rise rates three quarters of a point. so that means that people will pay more to get a car loan, houses and even college. that will taste bad, but the hope is that it cools down inflation overall. right now on wall street you're seeing a little bit of optimism ...

Disaster and so that is why they are expected to take this three quarter percentage step. >> and the inflation number didn't show any signs of cooling in a meaningful way. for people watching at home, for our viewers, how can they expect this increase to affect their everyday life? >> a few different ways from on the borrowing front, if you are going out to take out a new loan, borrowing will cost more. mortgage rates have jumped more than three percentage points, highest levels in 14 years. but if you go out to buy a new car that will cost more than what it would have as rates goi up. and eve...