Ask the Expert: What does the interest rate hike mean for regular people?

federal reserve
Photo credit Getty Images

On Wednesday the Federal Reserve made its largest interest rate hike in nearly 30 years. The .75% point increase is an effort to try to curb inflation. More large rate increases are expected in the future.

On Ask the Expert, KRLD Business Analyst David Johnson joined the KRLD Afternoon News to discuss the latest details.

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Featured Image Photo Credit: Getty Images