Welcome everybody to this CNBC special The Fed Decision.

I'm Tyler Matheson, Jim Kramer is off tonight.

It was another volatile session for the markets today,

all week long, in fact.

But tonight we turn our attention to next week

because rate lift off is here.

The Federal Reserve officials are expected

to hike interest rates for the first time since 2018

under very different circumstances.

This is not your typical rising rate environment.

There's uncertainty, the uncertainty of war.

There's inflation at a four decade high.

There is extreme market volatility,

and that is changing the playbook for investors.

Tonight, what the Fed Decision could

need for the economy, for stocks, and for your money.

Here for one hour, our resident Fed expert, Steve Leesman,

back in the house.

It's great to see you here, and he will start us off

with a look at the tightrope, the Fed walks right now.

Hey Tyler, yeah, thanks a great to be here.

It would be a tough run for Fed Chair, J. Powell,

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