The Big Money Show’ reacts to the Federal Reserve hiking interest rates as President Donald Trump pushes for lower rates, and a Fox News poll shows widespread economic concern.

The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh ​joining a unanimous decision that effectively acknowledges the Trump administration's inability so far to control inflation.

The rate increase was announced less than two months before midterm elections that will determine whether Trump's Republicans retain control of Congress for the final two years of his presidency.

The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank

Oil extended the biggest drop in more than six weeks on signs of easing Middle East supply disruptions, with a key pipeline being restored.

Saudi Arabia is ramping up prompt spot sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea coast.

Saudi Arabia shut down its key East-West pipeline last Friday after sustaining multiple hits. Riyadh now expects to resume partial pumping in a matter of days, according to a new report. A person familiar with the matter told Bloomberg that Saudi Aramco is working to bypass a damaged region soon,

Saudi Arabia’s East-West pipeline was closed this week after serving as one of the largest buffers against this year’s historic Strait of Hormuz energy shock. Together with the UAE’s bypass pipeline,

The EU has proposed making Canada its first associate member, drawing a tariff threat from President Donald Trump.

Canada is seeking to reduce its economic dependence on the U.S., and if it agrees to join, it would become the EU's first "associate member."

A recent Bureau of Labor Statistics inflation report showed prices heating up while President Donald Trump’s ongoing war in Iran shows no signs of slowing. For those reasons, the vast majority of financial market analysts and investors expected that voting U.

US President Donald Trump said that if Canada became an associate member of the European Union, he would consider it a “hostile act” in comments to the press on Wednesday."If they do that, if I think it's at all a hostile act,

Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot.

The sun is shining on the economy in August, but September is likely to be a different story as energy prices have soared the last month, taking a toll on consumer confidence,

Retailers’ sales rose by 1.2% last month, versus the 0.5% decrease recorded in July. August’s reading was higher than the 0.8% increase economists polled expected.

CNBC's Rick Santelli breaks down the latest economic data to cross the tape.