The Fed says along with lower inflation will come more than a million Americans losing

their jobs.

The lead starts right now.

The cost to borrow up again, the Federal Reserve raising interest rates for a seventh time

this year alone, but this goes around easing its pace.

The big questions, can the U.S. economy avoid a recession?

As the Fed expresses new unemployment fears, and Ukraine on defense, claiming to shoot down

a series of drones that took aim at its infrastructure.

Plus cracking down on TikTok, the powerful voice is pushing to restrict if not force you

to delete the app.

Welcome to the lead I'm Take Tapper and we start today with our money lead and a sign

of optimism about the economy this afternoon from the Federal Reserve.

The Fed just raised interest rates and other half a percentage point, which in normal times

could be alarming, but today's announcement is lower than the record setting rate heights

we've seen play out multiple times this year, signaling that the Federal Reserve seems

to think inflation is generally heading in the right direction, going down.

But the Fed is also predicting a rise in unemployment next year, meaning more than a million Americans

would lose their jobs.

And Fed, Chair Jerome Powell, is predicting a long road to recovery ahead.

It's good to see progress, but let's just understand we have a long ways to go to get

back to price stability.

Let's get straight to CNN's Matt Egan at the Federal Reserve's CNN's Phil Manningly

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