“The Federal Reserve is widely expected to leave interest rates unchanged Wednesday before raising them again in December,” Semafor reports.

“The decision would represent a win for the Trump administration, whose allies have urged the central bank against hiking just days before the midterms.”

“A couple more interest rate hikes are probably on the way. But the Federal Reserve is in no great hurry to deliver them. That’s the takeaway from the latest round of communications out of the central bank,” Axios reports.

“It implies that the Fed is not in a full-scale effort to tighten the screws on the economy, but rather a cautious recalibration in light of inflationary pressures and robust growth.”

Bloomberg: “Policymakers at the Fed, whose day job is to control inflation, are warning that borrowing costs are going to have to push higher if prices are to be brought under control.”

“Minutes of the Federal Open Market Committee’s Sept. 15-16 meeting, where officials decided to raise interest rates for the first time since 2023, showed that all 19 Fed policymakers backed the decision with several indicating there’s more work to do.”

“Wall Street took home a record bonus haul in 2025. This year is expected to be even better,” the Wall Street Journal reports.

“The nation’s biggest banks have raked in profits from both Wall Street businesses and their Main Street consumers, reflecting booms in corporate dealmaking, initial public offerings, artificial intelligence and market volatility as well as a resilient consumer.”

“Mortgage rates posted their largest increase in four years this week, one of the clearest signs of how the recent bond-market selloff is spilling into the broader economy,” the Wall Street Journal reports.

“Mortgage rates are rising as inflation, a surge in government debt and heavy corporate borrowing for the build-out of AI push up bond yields, which move in the opposite direction of bond prices. The bond-market selloff is raising borrowing costs for home buyers and dealing blow after blow to a limping housing market.”

“The U.S. economy keeps powering through inflation, tariffs and higher borrowing costs, defying a run-up in Treasury yields and a Fed rate increase. That has the bond market spooked,” the Wall Street Journal reports.

“The usual economic brakes aren’t slowing growth, hiring or an AI investment boom that looks to be unstoppable. To some, AI’s potential returns seem so bright that even steep interest rates won’t slow down tech companies’ investments.”

“The decision we made today was a sober decision, serious decision, responsible decision, one that we have been preparing for and thinking about in my hundred and ten or twenty days here.”

— Federal Reserve Chairman Kevin Warsh, quoted by Bloomberg, on defying President Trump and voting to hike interest rates.