Federal Reserve raises interest rates to highest level since 2008

The Federal Reserve raised interest rates as expected Wednesday. And a separate economic report from the National Association of Realtors showed housing sales rose in February, even as inventory remains low. Jack Kramer, co-CEO of MarketSnacks, joins CBSN to discuss what this means for the economy.

(Source: CBS News, https://www.youtube.com/watch?v=6w6GhBvLVcc)