The Fed says 1.25% of rate increases remain in 2022. Andrew Brenner breaks down the Federal Reserve rate hike and the outlook for inflation. He talks about how the Fed sees inflation of 5.4% at the end of 2022. He also notes that the Fed dot plot indicates as many as three rate cuts in 2024. He then goes over the impact of the Fed decision on futures products, currencies and defense stocks, such as Boeing (BA), Lockheed Martin (LMT), General Dynamics (GD), and Raytheon (RTX). Tune in to find out more about the stock market today.