Fed votes to raise interest rates by 0.25 percentage points
The Federal Reserve unanimously voted on Wednesday to increase interest rates by 0.25 percentage points. This decision marks the first rate hike implemented by the central bank since July 2023.
The Federal Reserve voted unanimously Wednesday to raise interest rates by 0.25 percentage points in the first hike since July 2023. CBS News' Kelly O'Grady reports and Jim Baird, CFO for Plante Moran Financial Advisors, joins with analysis.
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