Why the Fed is hiking interest rates, and how it could affect you

The Federal Reserve announced a half-point interest rate hike in early May in an effort to combat inflation. Here's what that means for consumers, and a look at the history of interest rate hikes in America.

Welcome to the official YouTube channel of KARE 11 News. Subscribe to our channel for compelling and dramatic storytelling, award winning investigations, breaking news and information you can use.
» Subscribe to KARE 11 on YouTube: https://www.youtube.com/subscription_...
» Watch more KARE 11 video:    / kare11  
» Visit KARE11.com: http://www.kare11.com/
» Download our app! https://www.kare11.com/appredirect/
» Find KARE 11 on Facebook:   / kare11  
» Follow KARE 11 on Twitter:   / kare11  
» Follow KARE 11 on Instagram:   / kare11