Fed opts for smaller rate increase, signals more hikes in 2023

Americans buying homes and seeking loans are bracing for the impact of the seventh interest rate hike this year. The Federal Reserve is opting for a smaller increase this time as inflation cools while signaling there may be more economic pain in 2023. Plus, Russia launches new strikes on Ukraine, including the capitol city. Also, a tornado strikes in New Orleans.To learn more about how CNN protects listener privacy, visit cnn.com/privacy