The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday but said more hikes would be needed to bring down inflation. Senior columnist at Yahoo News, Rick Newman, joins News NOW to explain what higher interest rates means for your bottom line. Feb. 2, 2023
UP NEXT
Federal Reserve to decide on interest rate hikes amid banking sector turmoil
02:07
Biden awards 2021 National Medals of the Arts and Humanities in star-studded ceremony
03:40
President Xi wraps up Russia trip with message to the West
04:07
Grand jury to decide on possible Trump indictment
03:25
How Putin’s meetings with Xi could impact the war in Ukraine
03:36
Biden signs bill to declassify Covid origins intelligence