The Federal Reserve's meeting of the Federal Open Market Committee (FOMC) is set to take place on Tuesday and Wednesday of this week, with the central bank widely expected to raise interest rates upon the meeting's conclusion. This would be the first rate hike since Jerome Powell took the helm of the Fed.Here's what it means when the Fed "raises rates," what it could mean to you as a consumer, and how the results of the Fed's meeting could affect the stock market.Image source: Getty Images.Continue reading