The Federal Reserve Will Once Again Begin Raising Interest Rates

The video discusses the Federal Reserve's decision to raise interest rates to 2.25-2.5% to combat inflation, noting the economy's resilience despite these hikes. It highlights the impact on gas prices and the Strategic Petroleum Reserve's role. The video also covers the upcoming GDP report, which may indicate a recession, although job creation remains strong. An interest rate hike announcement and a briefing from Jerome Powell are expected.

What is the expected range for the federal interest rate mentioned in the text?

How has the economy responded to interest rate hikes after the pandemic according to the text?

What does a shrinking GDP traditionally indicate?

What unusual situation regarding job creation during a recession is mentioned?

What is expected to happen regarding interest rates according to the text?