>> WELCOME BACK. THE FEDERAL RESERVE WILL ANNOUNCE ITS FIRST INTEREST RATE DECISION OF THE YEAR THIS AFTERNOON. IT COMES AS PRESIDENT BIDEN PLANS TO CRACK DOWN ON JUNK FEES AND LATE CREDIT CARD FEES. ABC NEWS BUSINESS REPORT ALEXIS CHRISTOFOROUS IS HERE NOW WITH TODAY'S BUSINESS HEADLINES. HI, ALEXIS . HEY THERE. GOOD AFTERNOON. THE FED IS EXPECTED TO RAISE INTEREST RATES BY A QUARTER PERCENTAGE POINT TODAY. IT WOULD BE THE EIGHTH RATE HIKE SINCE EARLY LAST YEAR AND THE SMALLEST INCREASE WE'VE SEEN SINCE MARCH. SO FAR . THOSE RATE INCREASES APPEAR TO BE WORKING AS INFLATION STARTS TO EASE. STILL, TODAY'S ACTION WILL MEAN HIGHER BORROWING COSTS FOR ALL OF US , FOR EVERYTHING FROM CAR LOANS AND MORTGAGES. TO CREDIT CARDS. AND SPEAKING OF CREDIT CARDS, PRESIDENT BIDEN WANTS TO CAP MOST CREDIT CARD LATE FEES AT EIGHT DOLLARS FOR A MISSED PAYMENT. WOULDN'T BE NICE. THAT WOULD BE DOWN FROM ABOUT $40 RIGHT NOW. THE WHITE HOUSE WILL ALSO URGE CONGRESS TO CRACK DOWN ON THOSE EXCESSIVE JUNK FEES, FEES, CONCERT TICKET PROMOTERS, AIRLINES AND RESORTS TACK ON TO OUR BILLS AND SOME CONSUMER PRICES MAY FINALLY BE COMING DOWN. BUT DON'T GET TOO EXCITED ABOUT COFFEE. EVEN THOUGH WHOLESALE COFFEE BEANS ARE DOWN ABOUT 20%. IT WILL TAKE A WHILE FOR THAT TO TRICKLE DOWN TO CONSUMERS. EXPERTS SAY FACTORS LIKE HIGHER LABOR AND TRANSPORTATION COSTS COULD ACTUALLY PUSH COFFEE PRICES HIGHER TODAY. SO, ALEXIS , IS THERE ANY BRIGHT SPOT IN HERE? ANY PRICE IS COMING DOWN. FUNNY YOU SHOULD ASK, BECAUSE I TOOK A LOOK AND IT LOOKS LIKE IF YOU'RE HAVING A SUPER BOWL PARTY, SOME OF THE ITEMS YOU NEED FOR THAT ARE COMING DOWN. SO AVOCADO'S FOR YOUR GUACAMOLE DOWN 20%. THEY WERE AT A RECORD HIGH LAST YEAR. WE HAD A BUMPER CROP THIS YEAR AND ANOTHER ABOUT TWENTY EIGHT POUND. ALSO, CHICKEN WING PRICES ARE DOWN ABOUT 22% ON THE UPSWING. BEER WILL COST YOU 11% MORE . AND SODA UP 25%. SO YET ANOTHER REASON TO DITCH THE SUGARY DRINKS. >> AND ALEXIS, WHAT ARE YOU LISTENING FOR AS WE LISTEN FOR THIS RATE HIKE TODAY? WE WANT TO KNOW WHAT'S TO COME WITH THE QUARTER POINT RATE HIKE IS ALREADY BAKED IN. WE WANT TO SEE HOW MUCH