Markets turned volatile after the Federal Reserve announced it would increase interest rates by three-quarters of a percentage point. CBS News' Errol Barnett and Lana Zak speak with Edward Moya, senior market analyst for Oanda, about what today's action could signal for the markets and the economy.
Takeoff was fatally shot following a private party at a downtown Houston bowling alley.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
In an effort to bring down the worst inflation the U.S. has seen in years, regulators are prepared to hike interest rates by another three quarters of a percentage point Wednesday. Megan Greene, senior fellow at Brown University and global chief economist at the Kroll Institute, joins CBS News to discuss the fallout and what it means for home buyers and sellers.
