The U.S. is facing the highest inflation in 41 years. Inflation ballooned to 9.1 percent over the same month last year. The Federal Reserve is expected to raise interest rates again this month. Economists worry that to bring inflation under control, the Federal Reserve may have to engineer a recession. | NBC Nightly News with Tom Llamas

On this day in 1981, President Ronald Reagan and three others were shot and wounded in an assassination attempt. In this archival NBC Nightly News clip, John Chancellor and Chris Wallace give their audience an update on the conditions of Reagan and his press secretary James Brady, who was left partially paralyzed from the shooting. | NBC Nightly News with Tom Llamas