What higher interest rates mean for your wallet

CNN– For the first time since 2018, the Federal Reserve is raising interest rates by a quarter-percentage point. The Fed also hinted more increases are ahead this year, as it works to tame soaring inflation. The move comes despite the growing economic uncertainty in the U.S. caused by the war in Ukraine.

Today’s Consumer Watch takes a look at what higher interest rates could mean for your wallet.


Categories: National News