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Fed votes to raise its policy rate by a quarter percent

Jim Baird shared his perspective with CBS News on the Federal Reserve’s recent interest rate increase, offering insight into what the move could mean for financial markets and what will matter to the Fed as they evaluate next steps.

Plante Moran Financial Advisors’ chief investment officer, Jim Baird, shared his insights with CBS News on the Federal Reserve’s latest rate hike and what policymakers will be monitoring in the coming months.

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