Federal Reserve's hike in interest rates makes it more costly for consumers, businesses to borrow mo

Name: Federal Reserve's hike in interest rates makes it more costly for consumers, businesses to borrow mo
Uploaded: 2022-06-15T19:30:00-0400
Duration: 2 min 19 s
Description: The Federal Reserve raised interest rates on Wednesday to combat inflation in its highest single rate hike since 1994. KDKA money editor Jon Delano talked to local experts about exactly what this means for us in this region.

The Federal Reserve raised interest rates on Wednesday to combat inflation in its highest single rate hike since 1994. KDKA money editor Jon Delano talked to local experts about exactly what this means for us in this region.