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Welcome to today's edition of the Clay Travis and Bucksectin Show podcast.

Welcome in our number three Clay Travis Bucksectin Show Wednesday edition of the program,

Breaking News During Our Commercial Break.

The Fed has officially instituted a three quarter point interest rate hike, 0.75% increase.

On the Fed funds lending rate, that is the biggest increase on one particular decision going all the way back to 1994.

So that news breaking your costs to borrow because of the skyrocketing inflation rate in the Joe Biden administration is also skyrocketing.

If you're curious, okay, well, how are the markets reacting to that? The Dow up about 150 points down a little bit on that announcement.

Now up as it just refreshed 50 points.

So this was the expected outcome after inflation hit 8.6%, but officially biggest rate hike since 1994.

We have now with us Wisconsin Senator Ron Johnson.

And I'll start with you right there because I'm sure you're hearing it all over the state of Wisconsin.

As we have now hit an 8.6% interest rate the highest in over 40 years.

What are your constituents telling you Senator and what do you think that news just breaking about the three quarter point interest rate hike there?

So Wisconsin, I don't like it. That is for sure. You know, every time they fill up with the pump, the gas price literally has been going higher.

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