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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 here heading into this final fed decision here. in overseas market, mixed performance in asia and europe has opened higher this morning. this is a perfect day to talk to greg mcbride from bankrate.com, he knows something about interest rates, all kinds of different rates. hi, greg, how are you? good morning, christine, great to be with you again. so this rate hlike we re expecting, 75 basis ....
and ease pressures, the risk is stalling the economy and opening the door to recession. and primary lesson, south carolina voters voted to impeach trump. the banner republicans were warned they vied for opponents up and down the ballot. the crackling dispute now between the january 6th committee and a republican member of congress. the republican member in question from georgia. here you see a man taking photos of stairwells and hallways, not your typical capitol tour highlights. the committee says he led this man and a few others on a tour of the capitol complex january 5th, 2021. the committee says that same man took this video outside the capitol on january 6th shouting threats at democratic lawmakers. we re coming in like white on rice, for pelosi, nadler, schumer. even you, aoc. we re coming to take you out. cnn s ryan nobles up on capitol hill for us. tell us more. reporter: john, i think maybe each one of these individual pieces of evidence by itself may no ....
three republican in the house and karl rove will also weigh in. sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i m sandra smith in new, i don t. trace, great to have you. trace: you as well, i m in for john roberts, and this is america reports. fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan to credit cards much more expensive. all this as president biden continues to deflect on inflation. refusing to take responsibility for the administration s role in skyrocketing prices. sandra: the u.s. has a higher inflation rate than many of the other major economies and the white house is promising a new messaging on the economy strategy with democrats ahead of the midterms. we ll dig ....
weanthe country off fossil fuelw for fuel outrage over historically high cost. that outrage is reflected in the latest fox news poll being released right now. and could become a huge factor in the midterm elections for which primaries were held gled a handful the states. the president s approval rate stands at 43% with 57% disapproval will. just 18% consider the economy in good or great shape. 82% believe it is only fair or poor. white house correspondent peter doocy starts us off tonight. good evening, peter. good evening, shannon. the president is not ordering oil companies to drill more in the united states. he thinks they have got enough oil already. and, instead, need to just work harder at getting it to the pump. we see it as a patriotic duty. pressure to be a patriot on oil producers from a president who once made this promise. i guarantee you, i guarantee you we are going to end fossil fuel and i m not going to cooperate with them. now biden writes to ....
security council official john kirby. and the january 6 select committee just released new video evidence after an abrupt change in the hearing s schedule. this, as we re learning more about a split within the panel over whether to formally seek any criminal prosecutions, including against former president trump. we want to welcome our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. we begin with a nation on edge right now at a critical moment for the u.s. economy. tonight, president biden is making a new effort to calm americans fears while also trying to defend his record. here s our chief white house correspondent, kaitlin collins. inflation, it s sapping the strength of a lot of families. reporter: president biden acknowledging the pain of higher prices in philadelphia today. gas is up and food is up, which we re going to get down come hell or high water. reporter: biden promising to bring prices dow ....