Detailed text transcripts for TV channel - MSNBC - 20180524:09:50:00
What would a rate hycomine for the average consumer? >> well, clearly a bit of debate going on inside the fed about its approach to inflation. it does seem that consensus view is they can allow it to run a a higher. while the u.s. economy continues to recover. in terms of a rate hike that might come as soon as june. that's about making sure the economy doesn't run too hot. for the average consumer, an increase in interest rates could mean slightly higher mortgage payments, potentially slightly higher credit card rates, but potentially slightly better returns in the stock market. the dow closed...
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