NBC News published this video item, entitled “Americans Adjust Spending After Brutal Day On Wall Street, Fed Expected To Raise Rates” – below is their description.
Sky high inflation and a potential recession is weighing heavily on Wall Street investors. The Dow closed down 876 points, and the S&P fell into bear market territory. The Federal Reserve is expected to raise interest rates again this week to tame inflation. All of it is having a very real impact on Americans, with many adjusting their spending because of soaring costs.
NBC News YouTube Channel
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About This Source - NBC News
NBC News is the news division of the American broadcast television network NBC.
NBC News aired the first, regularly scheduled news program in American broadcast television history on February 21, 1940.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
The National Broadcasting Company is an American English-language commercial broadcast television and radio network which is the flagship property of and owned by Comcast. The network is headquartered at 30 Rockefeller Plaza in New York City, with additional major offices near Los Angeles, and Chicago.