Americans Adjust Spending After Brutal Day On Wall Street, Fed Expected To Raise Rates

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Americans Adjust Spending After Brutal Day On Wall Street, Fed Expected To Raise Rates

Sky high inflation and a potential recession is weighing heavily on Wall Street investors. The Dow closed down 876 points, and the S&P fell into bear market territory. The Federal Reserve is expected to raise interest rates again this week to tame inflation. All of it is having a very real impact on Americans, with many adjusting their spending because of soaring costs. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: https://smart.link/5d0cd9df61b80 Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC #NBCNews #Inflation #WallStreet

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