Detailed text transcripts for TV channel - CNN - 20181222:10:33:00
The dow and the s&p now on track for their worst december since the great depression and their work yearly performance in a decade. this week, the selling began in earnest on wednesday when the federal reserve raised interest rates. investors got really nervous that the central bank was weaning this economy off of easy money. look, we've had historically low interest rates now for over ten years and that's helped to boost the economy. when interest rates are low, consumers are more incentivized to buy houses and cars, and of course stocks. rising interest rates may have the opposite impact. th...