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The Fed: 4 things we learned from Powell’s press conference after latest Fed rate hike

Here's a look at key things we learned from Fed Chair Jerome Powell's press conference on Wednesday. Read More...

The Federal Reserve on Wednesday raised its benchmark interest rate by 25 basis points, to a range of 5%-5.25%, close to the peak seen just before the Great Recession in 2008.

Beyond that headline, here are key takeaways from Powell’s press conference:

Fed is ‘on hold’

The new forward guidance from the Fed means the central bank is…

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