Big Fed Decision Coming After Turbulent Week On Wall Street05:48
Download

Play
The Eccles Building in Washington, D.C., serves as the Federal Reserve System's headquarters. (Wikimedia Commons)
The Eccles Building in Washington, D.C., serves as the Federal Reserve System's headquarters. (Wikimedia Commons)
This article is more than 3 years old.

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

This segment aired on December 14, 2015.

Support the news

+Join the discussion
TwitterfacebookEmail

Support the news