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Fed raises rates for first time in 3 years. What does that mean for consumers?

A rate increase comes as consumers and financial markets struggle with a weakened economy.

Federal Reserve Board Chairman Kevin Warsh speaks during a news conference on Wednesday. (AP Photo/Mark Schiefelbein)
Federal Reserve Board Chairman Kevin Warsh speaks during a news conference on Wednesday. (AP Photo/Mark Schiefelbein)
AP Photo/Mark Schiefelbein
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