The Federal Reserve just upped the ante in its inflation fight (again). A central bank expert explains what it means and what happens next.

Friday eve is so much better than Christmas eve because we get to celebrate every week. Phil Rosen here — it’s good to see you today. In case you missed it, you should know the Federal Reserve yesterday raised interest rates by 75 basis points. Now, the Fed’s benchmark rate is the highest it’s been …


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