Federal Reserve raising interest rates

Name: Federal Reserve raising interest rates
Uploaded: 2022-03-16T17:28:00-0400
Duration: 2 min 25 s
Description: Many consumers are going to feel a tighter squeeze after the Federal Reserve announced Wednesday it's raising interest rates. It's the first hike since 2018, and it's meant to combat soaring inflation; CBS2's Meg Baker reports.

Many consumers are going to feel a tighter squeeze after the Federal Reserve announced Wednesday it's raising interest rates. It's the first hike since 2018, and it's meant to combat soaring inflation; CBS2's Meg Baker reports.