The Federal Reserve is expected to wrap up its first rate meeting of 2024 on Wednesday. I joined CBS Mornings to break down what to expect and how the Fed’s interest rate decisions affect your finances.
The Federal Reserve raised its key interest rate by a quarter percent Wednesday, marking its fourth increase this year. The news caused stock markets to reverse course. I discussed on the CBS Evening News.
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The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point to a range of 1.75 to 2 percent. The Fed also predicts four rate hikes this year after an earlier forecast of three. I joined CBS This Morning to discuss what this means for you.
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A wild week on Wall Street came to an end with a small rally on Friday. I joined CBS This Morning to explain why such volatility might not be a bad thing.