SAN DIEGO (KUSI) – The Federal Reserve is likely to raise interest rates on Wednesday, Sept. 21, by 0.75 percentage points for the third straight time in six months.
With inflation at its highest level in four decades, the Fed was spurred into action. By raising interest rates, they hope to slow the economy and lower prices. However, this threatens to reduce overall investment, which could have a negative impact on the economy. The stock market has already fallen in anticipation of the announced rate hike.
Sally, co-host of “On the Air with Sally and Little Tommy,” joined KUSI’s Lauren Feeney to discuss the interest rate hike and how it’s expected to affect Californians.
https://www.youtube.com/watch?v=KKxw4kRyAss [embed]https://www.youtube.com/watch?v=KKxw4kRyAss[/embed] Oakland News Online Blog – Zennie62's YouTube video blog. OaklandNewsOnline.com is the original blog post for this content....