Watch CBS News

Borrowers in Bay Area to feel impact of largest interest rate hike in years

Name: Borrowers in Bay Area to feel impact of largest interest rate hike in years
Uploaded: 2022-06-15T23:19:00-0700
Duration: 1 min 38 s
Description: The Federal Reserve made its most aggressive move yet to tamp down inflation Wednesday, by raising the interest rate by three-quarters of a percentage point. Andrea Nakano reports. (6/15/22)

The Federal Reserve made its most aggressive move yet to tamp down inflation Wednesday, by raising the interest rate by three-quarters of a percentage point. Andrea Nakano reports. (6/15/22)