Bankrate's economic analyst Mark Hamrick discusses latest Fed Rate increase

Fed Chair Jerome Powell Holds News Conference On Interest Rates

WASHINGTON, DC - MAY 03: Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high. (Photo by Anna Moneymaker/Getty Images) (Photo by Anna Moneymaker/Getty Images)Photo: Getty Images


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