FOMC Meeting Puts Fed Interest Rate Decision in Focus as Inflation Rises
Photo: Coinpedia
The US Federal Reserve faces a difficult decision ahead of its October 28 meeting as rising inflation and higher energy prices coincide with concerns about economic growth. Markets expect the Fed to keep interest rates unchanged, but Chair Kevin Warsh’s comments will be closely watched for clues about future rate decisions. US inflation accelerated in September, with the Consumer Price Index (CPI) rising 3.7% year over year. The Producer Price Index (PPI), which measures changes in prices received by businesses, increased 1.3% from August.
Source: Coinpedia
