Question: Please read the article: https://www.cnbc.com/2023/03/22/fed-rate-hike-decision-march-2023.htmlLinks to an external site. What isthe federal funds rate? How does the current increase of 0.25% federal funds rate affect

Please read the article: https://www.cnbc.com/2023/03/22/fed-rate-hike-decision-march-2023.htmlLinks to an external site.

  1. What isthe federal funds rate?
  2. How does the current increase of 0.25% federal funds rate affect consumers today?
  3. How does keeping the federal funds rate high for the next few years mean for the economy?
  4. How else can the Federal Reserve Bank bring down inflation?

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