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How consumers should response to the latest interest rate hike

MGN

COLORADO SPRINGS, Colo. (KRDO) -- On Wednesday, the Federal Reserve raised interest rates another .75%, bringing the rates to the highest level since 2008.

The latest in a series of hikes is another attempt to control skyrocketing inflation.

KRDO Newschannel 13's Bart Bedsole spoke to financial expert David Chang about what this means for those buying or selling a home, buying or selling a car, using a credit card, or wondering whether now is the time to invest or not.

Watch the full interview below:

Article Topic Follows: News

Bart Bedsole

Bart is the evening anchor for KRDO. Learn more about Bart here.

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