Fed Raises Interest Rate 0.75 Percentage Point. Here’s How to Prepare Financially

In an effort to help with inflation, the Federal Reserve has raised interest rates by 0.75 of a percentage point, the largest increase since 1994.  We will see what the impact of this action will be, but many are still dealing with record high prices of goods and gas.  With all that is going on many experts fear a recession could be on the way.  Michelle Singletary, personal finance columnist at The Washington Post, joins us for some financial moves you can make to prepare if a recession comes our way.

Next, rolled into all the latest economic news are the big drops in the Crypto market.  Bitcoin and other cryptocurrency prices are plummeting and even crypto companies that were on hiring sprees are now laying off employees.  Cryptocurrencies were once marketed as a hedge against inflation, but we now see that they are very much tied to the overall market.  David Yaffe-Bellany, crypto reporter at the NY Times, joins us for what to know.

Finally, another round of primaries this week brings us closer to the midterms.  We saw the first impeachment casualty in Rep. Tom Rice in South Carolina.  He voted to impeach Trump and now it cost him.  In Nevada, Republicans flipped a Democratic House seat as they made big inroads with Hispanic voters.  Mariana Alfaro, politics reporter at The Washington Post, joins us for top takeaways.

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