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Jeffrey Gundlach
The Federal Reserve just raised interest rates for the final time in the current cycle, according to Jeffrey Gundlach.
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Traders NYSE
Traders works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.
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Happy Friday eve, readers. Phil Rosen here. Surprising no one, the Fed raised interest rates by 25 basis points yesterday. 

That puts the Fed Funds Rate above 5% for the first time since 2007. Remember, the higher that goes, the more expensive it becomes for consumers and businesses to borrow.