The Federal Reserve raised interest rates by 0.75-percent, which is the largest move made in a single meeting in 28 years. The central bank says that further interest rate hikes will come this year as the Fed attempts to slow faster-than-expected inflation. This comes at a time when gas and the price of goods grew over 8.6-percent from last year. Dan Geltrude, Managing Partner at Geltrude & Co., joins Cheddar to break down what this all means for Americans' wallets.