Americans adjust spending after brutal day on Wall Street, Fed expected to raise rates
01:49
Sky high inflation and a potential recession is weighing heavily on Wall Street investors. The Dow closed down 876 points, and the S&P fell into bear market territory. The Federal Reserve is expected to raise interest rates again this week to tame inflation. All of it is having a very real impact on Americans, with many adjusting their spending because of soaring costs.June 13, 2022
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