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Podcast: Money Life with Chuck Jaffe
Episode: Bankrate's McBride: Fed is done for '23 after one more big hike
Description: Greg McBride, chief financial analyst at Bankrte.com, says he expects the Federal Reserve to raise interest rates by a full percentage point but to then hold the line for the rest of the year once that hike is in place. McBride was careful to note that he does not expect the Fed to backtrack and start cutting rates at all this year, even as it sees inflation start to ease. That environment -- higher rates but declining inflation -- will create opportunities for savers using high-yield banking instruments. Also on the show, legendary money manager Ralph wanger -- a...