>> HE CONTINUES TO BE DOGGED BY THESE ALLEGATIONS, RACHEL, THANK YOU. >>> TO WALL STREET NOW AND THE LATEST ON THE FEDERAL RESERVE RAISING INTEREST RATES AGAIN TO BATTLE INFLATION. OUR CHIEF BUSINESS CORRESPONDENT REBECCA JARVIS HAS MORE ON HOW THAT COULD IMPACT YOUR BOTTOM LINE. GOOD MORNING TO YOU, REBECCA. >> Reporter: GOOD MORNING TO YOU, LINSEY. YOU DON'T HAVE TO OWN A SINGLE STOCK FOR THIS TO HAVE AN IMPACT ON YOUR BOTTOM LINE. KEEP IN MIND THIS IS ALL ABOUT LOWERING AND TARGETING INFLATION, THE FED HAS HIKED RATES EIGHT TIMES IN A ROW TO THAT END, AND IT'S STARTING TO WORK BUT THE JOB ISN'T FINISHED. FOR EXAMPLE, AT THE GROCERY STORE YOU'RE STILL PAYING ABOUT 10.5% MORE ON THAT FOOD THAN YOU WERE A YEAR AGO SO WHAT DOES THIS INTEREST RATE HIKE, 25 BASIS POINTS, MEAN IN REAL TERMS? YOUR CREDIT CARD DEBT IS GETTING MORE EXPENSIVE. $6400, YOU'LL OWE ABOUT $123 MORE AFTER THIS INTEREST RATE HIKE. AS FAR AS THAT MORTGAGE RATE IS CONCERNED, IF YOU'RE TRYING TO BUY A HOME, ANALYSTS DO NOT SEE IT HAVING A MAJOR IMPACT BUT RATES ARE ALREADY UP NOW TO 6% FROM 4% A YEAR AGO, SO IT COSTS YOU MORE TO BUY A HOME. FINALLY IF YOU'RE A SAVER, YOU GET PAID MORE AND THE HIGH YIELD SAVINGS ACCOUNTS, FDIC INSURED BANK RATE AND NERD WALLET PAYING ABOVE 4% TO KEEP YOUR MONEY IN THE BANK. >> THE BIDEN ADMINISTRATION IS PROPOSING A RULE THAT WOULD LIMIT CREDIT CARD FEES FOR MISSED PAYMENTS. HOW DOES THAT WORK? >> Reporter: WELL, WHAT WE KNOW IS THAT IT WOULD TAKE THOSE FEES FROM $30 TO ABOUT $8 ON AVERAGE SAVING AMERICANS $9 BILLION BUT KEEP IN MIND THIS IS A PROPOSAL. YOU STILL WANT TO MAKE THOSE CREDIT