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so as of a few hours ago the Federal Reserve just increased interest rates by another 25 basis points to the highest level we have seen in over 15 years and much of what they said in this meeting was unexpected and is going to have massive impacts on your money moving forward Jerome Powell started off this meeting by addressing the whole entire banking collapse and banking crisis we have seen with Credit Suisse with First Republic Bank with SBB bank and everything else going on and after that he talked a little bit about the impacts of the credit crunch whats going to happen with inflation moving forward and are they going to continue raising rates for the remainder of 2023 or are they going to even start reducing rates so I want to go over the most important parts of this meeting in todays video and catch you guys up to date so what we saw at the beginning of the meeting is the Federal Reserve raised interest rates by 25 basis points and like I said this is the highest we have seen