Federal Reserve Set to Hike Interest Rates for First Time Since 2023

The Federal Reserve is expected to raise interest rates for the first time since 2023 at its upcoming meeting on Wednesday. This decision comes as inflation and consumer prices continue to rise.

NBC's Brian Cheung reports that the Fed will signal a rate hike under newly minted chairman Kevin Warsh, who took office recently.

The expected rate increase is seen as a response to growing economic concerns, including rising inflation. The meeting's outcome has significant implications for interest rates and the overall economy.