What the Fed’s interest rate hike means for you

The Federal Reserve raised its benchmark interest rate for the second time in three months in March, and forecast two more hikes later this year.

The move reflects a consistently solid U.S. economy, but what does it mean for you?

Alex Joyce with ReJoyce Financial joined us on Eyewitness News at Noon on Wednesday to explain how it could affect everything from your credit card debt to adjustable rate mortgages and home equity loans.