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Fed Raises Key Interest Rate By 0.75%, Largest Increase In 28 Years

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The Federal Reserve has announced that they will be raising key interest rates by 0.75%, the largest increase in 28 years. CNBC’s Dominic Chu breaks down how this may impact the economy. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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Fed Raises Key Interest Rate By 0.75%, Largest Increase In 28 Years

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Powell testifies to Congress on the economy and how the Fed plans to fight inflation — 6/23/22

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Federal Reserve Chair Jerome Powell on Thursday testifies before the House Financial Services Committee on the U.S. monetary policy and the state of the economy.

In remarks for the Senate Banking Committee a day prior, Powell said the Fed understands the “the hardship high inflation is causing. We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.”

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Powell testifies to Congress on the economy and how the Fed plans to fight inflation — 6/23/22

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Jim Cramer breaks down Tuesday's market action and earnings news

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CNBC’s Jim Cramer explained what happened in the market on Tuesday and what it means for inflation on Tuesday’s episode of “Mad Money.” Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4

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The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast 
 
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This kind of rally is so endemic to a bear market: Renaissance Macro's Jeff deGraaf

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Renaissance Macro Research’s Jeff deGraaf joins ‘Closing Bell’ to discuss activity in the energy markets as well as today’s trading. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast 
 
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