Fed to Decide on Interest Rate Hike

Punchbowl News: “There are many pivotal moments in an election cycle. Today is one of the most important.”

”The Federal Open Market Committee will announce this afternoon whether it’s raising interest rates for the first time in three years to counter persistently high inflation and calm a bond market that’s punishing U.S. bonds. A hike would raise the cost of living for tens of millions of Americans.”

”President Donald Trump and other top administration officials have insisted the Fed cut rates.”

Bloomberg: Markets brace for first U.S. Fed hike since 2023.