Big Fed Decision Coming After Turbulent Week On Wall Street

05:48

December 14, 2015

The Eccles Building in Washington, D.C., serves as the Federal Reserve System's headquarters. (Wikimedia Commons)

The stock market opened today after a drop on Friday — the Dow and the S&P 500 both fell nearly 2 percent, the NASDAQ composite index fell more than 2 percent — making last week the worst on the stock market since August.

Oil prices also hit a new seven-year low, all as the Federal Reserve is expected to raise short-term interest rates this week.

Here & Now's Jeremy Hobson takes a look at what's ahead for this week with CBS News' Jill Schlesinger.

Guest

Jill Schlesinger, business analyst with CBS News. She tweets @jillonmoney.

This segment aired on December 14, 2015.