US Gas Prices Hit Record High; Fed Poised to Raise Interest Rates

Gas prices climbing — national average $4.32/gal and diesel at a record $6.23/gal, which could pinch drivers and raise shipping costs.
Federal Reserve expected to raise interest rates Wednesday, the first increase since 2023, potentially affecting loans and borrowing costs.
NBC’s Brian Cheung explains the impacts on TODAY — handy small-talk topics: higher prices, travel plans, and how rate hikes might hit household budgets.