The Fed just made its last rate hike of the year.

Business Insider

Boy it's great to be in your inbox this morning. Phil Rosen here. I had two televisions running yesterday, with France drubbing Morocco on one screen, and Jerome Powell attempting to beat down markets on the other. 

What happened in the World Cup was fairly straightforward — and the Fed's half-point interest rate hike surprised no one — but Powell's press conference was about as clear as the fog over Manhattan this morning. 

I caught up with a veteran Fed expert to make sense of what happened and what comes next.

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Important disclosures: Disclosures: This content (the "Insights Page") is provided by Weiss Multi-Strategy Advisers LLC ("Weiss"). The views expressed on the Insights Page are for informational purposes only and are subject to change without notice. Information on the Insights Page has been developed internally and is based on market conditions as of the date of the original post on the Insights Page from sources believed to be reliable. Nothing on the Insights Page should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to buy or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. Please consult your own advisers regarding business, legal, tax, or other matters concerning investments. Weiss has no control over information at any external site hyperlinked on the Insights Page. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement or ongoing monitoring by Weiss of any hyperlinked site. Investing in securities is speculative and involves substantial risk of loss.