is at stake for families and how tech leaders are responding. ended tire warning. the fbi director signing the alarm about chinese hackers and the threat they pose to american and for structure. his called action as he testifies before congress. and in gaza, a hospital unable to properly treat patients has turned into a shelter instead. there is little if any drinking water, and people are so hungry they have resorted to eating grass. the latest on the crisis in gaza. those stories and more ahead on cnn news central . it is the top of the hour. thank you so much for sharing your afternoon with us. would begin with a high- stakes and emotional hearing on capitol hill. the world s biggest tech leaders facing a barrage of questions from lawmakers about the potential harm their platforms can cause on young people. we heard from the ceos of meta, which owns facebook, instagram, tiktok, snapchatted, and x, formerly known as twitter. sitting right behind them in the room, fa
we begin with breaking news this afternoon. the federal reserve making a decision on interest rates. the announcement came out just seconds ago. walk us through. reporter: for the fourth consecutive meeting the federal reserve deciding to hold rates steady. that was universally expected. this decision just came out in the last minute or so. one thing that got my attention in the press release was the committee saying it does not expect it would be appropriate to reduce the target range until greater confidence that inflation is reaching 2% pushing back against expectations that a rate cut may come as early as march. i can tell you that wall street has been divided on when we can expect rate cuts. the fed has indicated 2024 will be the year we will begin to start seeing some rate cuts. the question had been, if not in this meeting then when? some banks had suggested it could be as early as march. this statement is sort of pushing back against that. the reason why is, for ex