Fed meeting live updates: Anticipation builds with Fed expected to hike interest rates for first time in 3 years
The Federal Reserve is meeting to decide on a potential 25 basis point interest rate hike to combat persistent inflation. Markets are closely watching the central bank's 'dot plot' projections for future monetary policy guidance.
Why it matters
Interest rate decisions directly influence borrowing costs, mortgage rates, and overall economic growth in the United States.
The Federal Reserve's September policy meeting kicked off Tuesday morning, and markets overwhelmingly expect the Fed to raise interest rates by 25 basis points on Wednesday amid persistently high inflation. Such a move would mark the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign.
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