The Fed just made its last rate hike of the year. Here's what it means and what happens next.

Dec 15 2022 by Business Insider

 

Boy it's great to be in your inbox this morning. Phil Rosen here. I had two televisions running yesterday, with France drubbing Morocco on one screen, and Jerome Powell attempting to beat down markets on the other. 

What happened in the World Cup was fairly straightforward — and the Fed's half-point interest rate hike surprised no one — but Powell's press conference was about as clear as the fog over Manhattan this morning. 

I caught up with a veteran Fed expert to make sense of what...

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