The markets are shifting focus to the consumer from the Fed, notes Adam Reinert. He talks about how consumers and businesses are going to feel the bite of higher rates. He discusses how credit card interest rates are at or near a record high, the cost of capital for businesses is rising, and there are tighter lending standards. He outlines how much slack is in the labor market and how consumers are adjusting their spending. He then goes over longer-term market strategies to consider for your portfolio. Tune in to find out more about the stock market today.