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historic inflation. the decision will likely produce ripple effects on your personal finances and the economy in the months to come. cnn's matthew gin et joins us. we've been awaiting this decision, what has the fed said? >> 75 basis points, the fed just delivered another massive interest rate hike, designed to put this inflation fire out. that means higher borrowing costs. this is the fourth straight interest rate hikes. this is historic. we've never seen drastic actions like this under janet yellen. we never saw this from ben bernanke, or even alan greenspan. you have to go back to...

carving a path eof destruction n the south. and president biden is facing a special counsel investigation. why did it take the white house two p two months to disclose classified records were found in his home. and the tributes for elvis's only child. i'm kate bolduan. we start in the south as we're tracking what is left behind really from a deadly tornado outbreak. dozens have been reported in alabama, georgia and kentucky. seven people were killed, six of them in a single alabama county. one of the hardest hit areas was a city of selma, where a tornado caused widespread damag...

>> ainsley: janice dean is tracking ian. she is downstairs. i just saw her. she has been watching this all morning. we start with fox weather. correspondent nicole valdez is she is in tampa bay. >> steve, ainsley, brian, good morning. every single county in the state of florida now under a state of emergency that includes right here in the city of tampa where hillsborough county schools are officially closed as emergency responders pre prepare nearly 5f those public school buildings into shelters if needed as we look at potential impact from hurricane ian. you mentioned the response ...

what we're learning about that call. and the intensifying war of words between the u.s. and russia. top u.s. officials warning vladimir putin of catastrophic consequences just days after the russian leader issued a thinly veiled nuclear threat. all that playing out as outrage builds forcing hundreds of thousands of reservists into combat. the growing desperation leading to violence at an enlistment center. we begin with the threat from hurricane ian. we just got an update on its track and intensity. sam brock is in tampa, florida, and metrologist bill karins has a look at what we...

out of office, including campaigning with democrats. you're live in the cnn newsroom. hello, everyone. thank you for joining us. i'm fredricka whitfield. welcome to a new 11:00 a.m. eastern hour here on this sunday of the newsroom. florida under a state of emergency this hour, as tropical storm ian gains strength. ian is expected to become a hurricane today, and may peak as a category 4 storm before weakening and making a direct hit on florida as early as wednesday. we're expecting an update from governor ron desantis minutes from now. our reporter is in the weather center. cnn's p...