NJ Spotlight News
What the Federal Reserve's interest rate hike will mean
Clip: 2/2/2023 | 4m 20sVideo has Closed Captions
While the increase was modest, it could affect people's ability to borrow
The Federal Reserve raised interest rates Wednesday for the eighth time in a row, continues its rate-hiking cycle. This increase was a modest quarter of a percentage point, which is being taken as another sign that inflation pressures are easing. But the change could have a big impact on people's wallets, affecting their ability to borrow and save.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
What the Federal Reserve's interest rate hike will mean
Clip: 2/2/2023 | 4m 20sVideo has Closed Captions
The Federal Reserve raised interest rates Wednesday for the eighth time in a row, continues its rate-hiking cycle. This increase was a modest quarter of a percentage point, which is being taken as another sign that inflation pressures are easing. But the change could have a big impact on people's wallets, affecting their ability to borrow and save.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS