Fed eyes first rate hike in three years amid rising consumer costs

FOX Business' Charles Payne breaks down inflation pressures ahead of the Federal Reserve’s interest rate decision and explains why he expects policymakers to raise rates on 'Fox & Friends.'

FOX Business' Charles Payne previews the Federal Reserve interest rate decision and analyzes inflation data. Payne details how a 3.7 percent inflation rate and price increases for services impacts consumers.