Federal Reserve set to make pivotal decision on interest rates

The Federal Reserve is widely expected to raise interest rates for ninth time in roughly the span of a year today. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to discuss what analysts are anticipating and the significance of the central bank’s forthcoming decision.

Title: What to Expect From the Federal Reserve Interest Rate Hike?

Today, the Federal Reserve is likely to increase interest rates for the ninth time in a year, which has left many analysts and investors waiting in anticipation. The decision made by the central bank is expected to have significant implications on the US economy and financial markets.

It is widely speculated that the Fed is going to raise short-term interest rates by a quarter point, as a sign of optimism that the economy can handle higher borrowing costs. The Fed’s interest rate policy influences the cost of borrowing for consumers, businesses, and governments, with direct effects on saving and spending decisions.

However, the move comes amid mixed signs on the health of the US economy. While the labor market continues to strengthen, inflation has remained below the Fed’s target of 2 percent, despite the recent increases in oil prices.

Another factor to consider is the ongoing trade disputes between the US and its key trading partners, causing uncertainties in global markets. The Fed’s decision will also be closely watched by investors for indications on future rate hikes, as well as the potential impact on stocks, bonds, and currency markets.

In conclusion, while a rate hike by the Fed is widely anticipated, there are still uncertainties that need to be addressed. The central bank’s decision today will have significant ramifications for the broader US economy and financial markets. Investors and analysts alike will closely monitor this event, making the outcome of the Fed’s decision still uncertain.