Federal Reserve on Interest Rates

The Federal Reserve is expected to hold its key interest rate steady. It wrapped up its two day meeting earlier this week. It a year and a half that the central bank declined to raise interest rates. It interrupts a flurry of hikes that pushed the federal funds rate between five and a quarter and 5.5. That's the highest level in more than two decades, making it harder for consumers to afford a loan or pay off a credit card. George Nocetti from Morgan Stanley breaks it down.