What do rate hikes mean for the average American?

Chuck Zodda and Mike Armstrong react to the interest rate hike by the Fed that brings rates to a 22-year high. What does the recent rate hike mean for everyday Americans? Why are analysts and the Fed seemingly so far apart on expectations? U.S. economic growth accelerates, defying slowdown expectations. What does the central banks move mean for CDs and high-yield savings accounts? Buyers are getting home loans from an unlikely source: the seller of the house.