Bankrate.com's Greg McBride discusses the Fed's latest interest rate hike

Federal Reserve Chair Jerome H. Powell Holds News Conference At Federal Open Market Committee Meeting

WASHINGTON, DC - MARCH 22: Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting at the Federal Reserve on March 22, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase to a peak benchmark range of 4.75% to 5%, the highest level since 2007. (Photo by Alex Wong/Getty Images)Photo: Getty Images


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