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. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain.

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 on Wednesday to a range of 1.75 to 2 percent.

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.

Have a money question? Email me here.