Detailed text transcripts for TV channel - FOXNEWS - 20170315:19:37:00
That's the question. >> shepard: chad, appreciate it. should there be any news there, we'll take you there right away. the fed is hiking interest rates. didn't so today. could affect how much we pay on credit cards and loans, including certain mortgages. the rate was 0.75%. now the fed just announced it's 1%. historically ridiculously low. the fed does this to keep inflation under control, keep the economy stable. take a look at the dow's reaction. you might think oh, raise the rates, the dow will go down. this was factored in. look at 2:00 when it happened. see that right there? skyrocketed. ...
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