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The Federal Reserve has announced it will raise interest rates to try to tamp down inflation. Right now, consumer prices are up by nearly eight percent and gas prices have approached all-time highs. Economic analyst Dr. Hank Fishkind talks about how the change by the Fed will impact Central Florida.
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As expected, last week the Federal Reserve confirmed its plans to raise interest rates and shrink the money supply as soon as early March. Economic analyst Dr. Hank Fishkind explains how soon the rates will rise, and how that will affect Central Florida.