Economy Watch Weekly: Interest Rates Rise While Retail Sales Dip

In a unanimous vote, the Federal Reserve decided to raise interest rates for the second time in 2017, indicating their optimism about the U.S. economy and the ability to handle more expensive real estate financing. But some sectors, such as retail, aren't performing as well as others in recent months.

CPERadioThe Federal Reserve’s unanimous decision to raise interest rates last week seems to indicate its optimistic outlook for the U.S. economy and the ability to handle more expensive real estate financing. But some sectors of the real estate industry are not performing as well as others. Retail sales dropped 0.3 percent in May, posting the weakest monthly report in more than a year and a half. Economy Editor Dees Stribling discusses both of these hot topics, for the week ending June 16, 2017.