Stocks Close Higher After Fed Hikes Rates by 0.75%

Stocks closed higher Wednesday after the Federal Reserve raised interest rates by 0.75%, the largest rate hike since 1994. The central bank is still working to fight inflation as consumers see rising prices across the board for most goods and services. David Ellison, portfolio manager at Hennessy Large and Small Cap Financial Funds, joins Closing Bell to discuss today's close, what rising rates mean for markets and whether they could cause a recession, and more.
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