UPDATED 4:30 PM PT – Friday, February 3, 2023
The Federal Reserve raises interest rates by 0.25% putting the benchmark rate between 4.5% and 4.75%. That’s the highest rate since 2007, but it’s the smallest rate increase in almost a year. This is an ongoing effort to tame inflation. President and owner of Johnson Wealth and Income Management, Matthew Johnson joins OAN’s Alicia Summers with his economic analysis.