Live

Watch CBSN Live

What Fed rate hike means for consumers

The Federal Reserve is expected to raise short-term interest rates Wednesday. They're likely to go up by one-quarter of a percent. This would be the third rate hike in the past 15 months. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss how the change will impact you if you're saving, investing, using credit, or want to buy a home or car.
View CBS News In
CBS News App Open
Chrome Safari Continue