This week, the Federal Reserve hinted that it may raise interest rates in March, as a surge in inflation continues. What should consumers know about the impact of a possible rate hike?

Spectrum News had a conversation on that topic with James Brewer, Certified Financial Planner and the CEO of Envision Wealth Planning. Brewer addressed financial planning concerns, including mortgages and 401K investments. Click the video box above to view the interview.