Fed Raises 50 BPS & Says Rate Hikes Are Appropriate

<p>The Fed raises rates 50 BPS. Joe Brusuelas discusses the Fed's announcement. He talks about how the Fed repeated that "ongoing" rate increases are likely appropriate. He notes that only two policy makers project year-end 2023 Fed funds rate to be below 5%. He then goes over how the Fed sees core PCE inflation at 3.5% in 2023 versus 3.1% prior. Tune in to find out more about the stock market today.</p>