Seqquelches Inflation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Joining me now, commentator catherine rampell. growth is historically high. >> reporter: right. the growth numbers were great. as you pointed out, highest calendar year group since the reagan years. the quarterly growth at the end of last year was really, really strong as well. yes, there's much to celebrate there. job markets obviously doing pretty well. better than expected on the unemployment rate in any event. there's been a little bit of slowdown in hiring. yeah, there's quite a bit of good news. . >> the problem is it is tempered. it is tempered in the way people feel about it and in the...

We have video from ktrk. you'll see the suspect raises his hand, turns himself over. he was transported to the hospital with a wound to the neck. his name has not been released. as for the three brave police officers, they were brought here to memorial her man hospital at the texas medical center. police say they each had one gunshot wound. one to the arm, one to the leg, one to the foot. here's the good news, brianna. at the end of the day, the officers are expected to be okay. the official we spoke to said they are in good spirits. . >> that is good news. rosa flores, from houston, thanks. ...

You can dig into the guts of them and nitpick about other things. we saw inflation accelerating through most of last year. people are feeling the pinch in their pocketbooks when they fill up their gas tanks, go to the grocery store, et cetera. and there's a real concern how persistent that will be. the fed has indicated that it will step in a few times this year most likely to raise interest rates which should put a damper on inflation. but there's tons of uncertainty about other factors that could affect prices as well as other indicators, what's the path of omicron. what happens if china con...

Inflation. what will happen when the fed steps in and raises interest rates. well, could the fed be kind of, you know, overreacting for other reasons, too, including that fiscal policy will be less expansionary this year. the child tax credit, for example, has ended -- or the expanded child tax credit, the monthly payments, have now ended. maybe we should be less concerned about inflation. there are so many question marks. you see that being reflected in the market with big swings up, big swings down. investors not knowing what to do with all the different puzzle pieces. >> there just is uncer...

People are worried understandably how it will affect their standards of living. >> you noted about the chaotic. the stock market, the wild swings we have seen the last couple days are near historic level swings in terms of the growth, the growth that has been erased in single days. that's the chaos, the volatility. why are the markets concerned? >> i think there is just a ton of uncertainty right now. like i said, we don't know what the path of the pandemic will be. and therefore we don't know how it will continue to affect pricing pressures. we don't exactly know what fed policy will look lik...