The Federal Reserve raised its benchmark rate by a quarter point to a range of 3.75% to 4.00% on September 16, and the vote was unanimous, according to Reuters. In the same report, 16 of 18 policymakers said they expect at least one more quarter-point increase by the end of 2026.
Inflation was the next big data point. The U.S. Bureau of Labor Statistics reported on October 14 that consumer prices rose 0.6% in September and 3.7% over the 12 months through September. According to FactSet on...
