West Michigan Live w/ Justin Barclay

West Michigan Live w/ Justin Barclay

West Michigan Live: Justin Barclay is talking about what matters most in West Michigan and Beyond.Read More

 

Fed Raising Interest Rates as GDP Recession Numbers Expected Today 7-28-22

Recession in the USA

Photo: Getty Images

Kevin Rinke talks about his run for governor.

And Kathy Clark talks about her run for state rep.

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The Big Three

1 For the second month in a row, the Federal Reserve aggressively raised interest rates by three-quarters of a percentage point. Members of the central bank on Wednesday voted in favor of the rate hike to help ease inflation.

2 The Biden administration has proposed a prisoner swap to secure the release of two Americans held by Russia, Brittney Grinerand Paul Whelan. President Joe Biden has offered to exchange Viktor Bout, a convicted Russian arms trafficker serving a 25-year US prison sentence

3 Recession numbers are expected today even though the Biden admin is trying to change the definition.

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