IE 11 is not supported. For an optimal experience visit our site on another browser.
  • UP NEXT

    Gas prices fall below $4 but housing, food prices continue to climb

    02:40
  • Back-to-school guide for parents and kids | Consumer Confidential

    24:59
  • How to make the right financial decisions for every phase in life

    04:55
  • Back-to-school gadgets for every age | Consumer Confidential

    03:10
  • July report shows inflation to be cooling: What it means for you

    03:37
  • July’s inflation report will determine if Fed continues to raise rates

    02:28
  • Meet the entrepreneur behind the 1st designer inflatable pool

    05:50
  • How to get your groceries delivered without breaking the bank

    04:40
  • Buy or lease a car? How to avoid roadblocks amid high inflation

    03:34
  • How to translate everyday skills into buzzwords for your résumé

    05:01
  • How a summer surplus and inflation are changing the way we shop

    02:28
  • After a summer of record highs, gas prices drop to near $4 a gallon

    01:55
  • How this Vietnamese restaurant thrived during the pandemic

    04:16
  • How to save money on food, home goods and school supplies

    04:15
  • What’s behind the recent drop in housing prices?

    02:50
  • Carbon dioxide contamination could lead to beer shortage in US

    02:33
  • Equifax issued wrong credit score for millions of lenders, per report

    00:25
  • Get a tour of the metaverse retail experience

    05:04
  • Interest rate hike hacks: What you can do to save money today

    03:28
  • What to buy (and not buy) in August

    04:35

Fed expected to hike rates again as recession fears loom

02:26

The Federal Reserve is widely expected to raise interest rates again on Wednesday by as much as three-fourths of a percentage point, a move that could impact credit card rates, new car loans and new mortgage rates. NBC’s Tom Costello reports for TODAY on the aggressive series of rate hikes and if the economy might already be on a collision course for a recession.

Here’s how to know if we’re in a recession, and it’s not what you think