May 4, 2022 5:28 pm As the Fed Increases Interest Rates, Here's How it Could Impact Consumers As they look to control wild inflation, the Fed has announced an interest rate increase, and NBC 5’s Charlie Wojciechowski has more on the impact it will have on consumers. Local 4:01 Illinois residents targeted in ‘phantom' healthcare billing scam 1:49 Cyclist killed in hit-and-run crash in Melrose Park 2:13 As Biden administration moves to reclassify cannabis, here's how businesses and others will be impacted 2:07 Associate of suspect in murder of CPD officer Luis Huesca appears in court 1:55 ‘Black Love Reigns Supreme' from Praize Productions on stage at Logan Center for the Arts this weekend