How the 0.75% Federal Reserve Interest Rate Hike Could Affect You

How the 0. 75% federal reserve interest rate hike could affect you

NBC News published this video item, entitled “How the 0.75% Federal Reserve Interest Rate Hike Could Affect You” – below is their description.

The Federal Reserve raised interest rates by 0.75% in an attempt to cool record high inflation. NBC News’ Brian Cheung explains how the rate hike will affect Americans. 

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.

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In This Story: Brian Cheung

Brian Cheung is an on-air reporter covering the Federal Reserve, economics, and banking for Yahoo Finance. He previously wrote for S&P Global Market Intelligence and, prior to that, worked at the Federal Reserve.

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In This Story: Inflation

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.

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In This Story: NBC

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.

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