The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point on Wednesday to a range of 1.75 to 2 percent. The Fed also predicts four rate hikes this year after an earlier forecast of three. CBS New business analyst Jill Schlesinger joins "CBS This Morning" to discuss what this means for you.


00


CBS

Latest News

CNN: Khmer Rouge leaders found guilty of genocide in landmark ruling

CBC: Watch World Cup speed skating from Japan

USA Today: DePaul outlasts Penn State 72-20 in overtime

Daily Mail: Businessman John Elliott enters court through side door as he faces court on drink-driving charges 

CTV News: Beloved toy store FAO Schwarz makes its comeback

WashingtonPost: Falling Uber Prices? In London? It Could Happen.

FOX: Bishop reported missing amid Beijing-Vatican reconciliation

FOX: Bishop reported missing amid Beijing-Vatican reconciliation

CNN: Trump takes aim at Mueller as speculation over Russia probe's end grows

USA Today: North Korea tests new 'ultramodern tactical weapon' amid stalled diplomatic efforts

USA Today: Iowa and UConn upset ranked foes Oregon and Syracuse

USA Today: 4th-generation Paradise resident mourns fire loss

Daily Mail: Killer boyfriend who strangled millionaire partner with dog leash loses inheritance

CNBC: Oil has become a 'very political tool': Bank of Singapore

Reuters: Thai proposal for all-powerful cyber agency alarms businesses, activists

Reuters: VW's supervisory board eyes multi-billion electrification plan

WashingtonPost: After flopping in Europe, can the White House succeed in Asia?

CNN: Anderson Cooper: Trump says things that increase scrutiny

CNN: Don Lemon slams recount efforts

BBC: Welsh violence tackling scheme rolled out in United States

ABC: Review: Wide range of styles on Mark Knopfler's latest CD

Daily Mail: ‘It will kill you’: Deadly and extremely rare sea snake is found slithering across a popular beach

Daily Mail: Sean 'Diddy' Combs is 'devastated and shocked' by death of ex Kim Porter at 47