Nmat Egan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hey there. i'm victor blackwell. welcome to "cnn newsroom". >> i'm bianna golodryga. any moment the federal reserve will reveal how much it will increase interest rates. it will impact how much money it will cost to borrow for car, loans. >> there are signs the fed's method may be working with inflation metrics cooling recently. cnn's mat egan is outside the central bank. matt, do we have a decision? >> we do. 50 basis points. the fed delivered its seventh straight interest rate hike, but decided to slow the pace of those hikes after four straight moves of 75 basis points. this was expected bu...

Further invading ukraine. we've heard from many analysts they don't believe that they will, but they're working to bring back the markets from the brink. >> so let's bring in cnn's nmat egan. how is this affecting markets today? >> markets have been on a roller coaster ride. within minutes we saw stock futures tumble and ole prices spike. but they both reversed. the dow is actually up 100 points. it's basically closing about 1,000 points higher than its worst point of the day. >> is that after president biden's speech? >> the market had been coming back throughout the day. the markets are near...