12/18/09 – theGrio & CNBC Market Wrap Up

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TheGrio and CNBC team up to deliver a weekly wrap up of money matters and market updates for our community.

CNBC’s Shartia Brantley reports that investors analyzed earnings reports from General Mills and Best Buy, but all eyes were on the Federal Reserve this week. The Federal Reserve left its key interest rate, which affects mortgage, student loan and credit card rates, unchanged. We received the November Consumer Price Index report, which tracks price changes for food, clothing and energy. Inflation rose by 0.4 percent in November due to higher energy and gasoline prices. We also received mixed news on housing, Builder confidence dipped by one point in December to 16 as a weak economy and unemployment weigh on the market, but new home construction rose 8.9 percent in November.

Watch the video, exclusively on theGrio.com.