Federal Reserve poised to raise interest rates for the fourth time this year
International

Federal Reserve poised to raise interest rates for the fourth time this year

Federal Reserve poised to raise interest rates for the fourth time this year

The Federal Reserve is expected to announce the fourth interest rate increase of the year. They’re hoping to curb inflation and prevent a recession. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Jericka Duncan with a closer look at how another rate hike might impact American consumers.

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