News
Fed Rate Decision: No Change Expected
The Federal Reserve is expected to maintain its interest rate decision unchanged, with CME FedWatch predicting a 90% chance of no change. The decision impacts the federal funds rate, which influences credit card and loan interest rates. Consumer prices rose 3.7% in the past year, with gasoline prices increasing by 9.1%. The unemployment rate is at 4.2%, and hiring has slowed, with employers adding only 29,000 jobs in September. Oil prices are high due to the U.S.-Iran conflict, driving up shipping and gasoline costs, which in turn increases inflation and Treasury yields.