4 things we learned from Powell’s press conference after latest Fed rate hike

The Federal Reserve on Wednesday raised its benchmark interest rate by 25 basis points, to a range of 5%-5.25%, close to the peak seen just before the Great Recession in 2008.

Beyond that headline, here are key takeaways from Powell’s press conference:

Fed is ‘on hold’

The new forward guidance from the Fed means the central bank is…