Interest Rates Raised for First Time in Years: How It Affects Costs

By TODAY

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The Federal Reserve raised interest rates for the first time since 2023 on Wednesday in a move aimed at slowing inflation. NBC’s Brian Cheung joins TODAY to break down how the 0.25% hike will impact credit cards, mortgages and the cost of food and gas. » Subscribe to TODAY: https://www.youtube.com/@TODAY TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: https://www.today.com/ Find TODAY on Facebook: https://www.facebook.com/today Follow TODAY on Twitter: https://twitter.com/TODAYshow Follow TODAY on Instagram: https://www.instagram.com/todayshow/ » Stream TODAY All Day: https://www.today.com/allday About: TODAY All Day is a 24/7 streaming channel bringing y

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