The Fed Rate Hike Heard Round the World, and Powell’s Warning to Millennial Homebuyers 06/15/22

The Federal Reserve boosted rates at the fastest pace in nearly three decades, and markets seemed to rally on the news. But will the boost be sustainable, or is this just a short-term gain. Plus, the central bank chair ended his press conference with a big warning to young homebuyers. What he said, and what it means for the housing market.