MSNBC Katy Tur Reports June 4, 2024 18:19:00
Last name. >> you did it perfectly. >> it's hard. given to me suddenly. >> it scares a lot of people, including myself. i have been living with it my entire life. we are supposed get a response at 2:00 p.m. the big scare is they will spike rates 0.75%. that would be the biggest hike we have seen in 25 years practically. this is concerning. it does have a ripple effect on the economy. the fed sets the interest rate that banks can borrow with each other. if that keeps climbing, of course, they will pass that on to consumers eventually. that means higher rates, when companies take out loans or ar...