CNN Early Start With Christine Romans and Laura Jarrett July 7, 2024
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 ...