Americans are about to pay even more for our homes, for our cars, and for our credit

car bills.

The lead starts right now.

The Federal Reserve is set to put in place the largest interest rate hike in decades.

Now some economists say big picture this is a good thing, but American family struggling

to get by may not agree.

And even more bad news for American basketball star Brittany Griner as she sits in a Russian

jail, is it time for the Biden administration to push forward another prisoner swap then?

The same kind of technology used for the best COVID vaccines, MRNA, is showing promise

in treating other conditions, including some cancers.

Welcome to the lead I'm Jake Taff, and we start today with our money lead prices are

up, and the stock market is down.

The president Biden is trying to put a positive spin on the economy today insisting that

tackling the worst inflation the U.S. has seen in decades remains a top priority during

a speech in front of the AFL-CIO and Philadelphia the president touted his administration's

coronavirus relief efforts, record new job creation, and low unemployment levels.

Sure, but that's likely little consolation for the millions of Americans paying record

prices for everything from food to gasoline.

Especially as many economists predict the Federal Reserve will drastically hike interest

rates tomorrow to try to get control of the inflation.

President Biden will try to address one of those crises, gas prices, now averaging

more than $5 a gallon, or the visit to Saudi Arabia in a few weeks.

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