The Federal Reserve’s two-day policy meeting started today as investors anticipate rates will be held steady in the 5.25-5.50% range. Markets are looking to Fed Chair Jerome Powell for guidance on future monetary policy moves.
September inflation dropped to 3.7%, meeting the Fed’s year-end forecast. Meanwhile, surging bond yields have fueled hopes of a potential pause. However, Powell said they will be ‘proceed cautiously’ amid a strong economy.
Yahoo Finance’s Fed reporter Jennifer Schonberger explores how data like GDP and consumer spending support further hikes, though lagging indicators like mortgages haven’t fully allowed consumers and businesses to feel the rises yet.
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