LIVE: Federal Reserve expected to hold rates steady today

The Federal Reserve is expected to keep interest rates at 3.75%–4% today, with less than a 10% chance of another hike. US inflation is climbing again, with September’s CPI at 3.7% and PPI at 6.3%, partly due to higher energy prices. Traders expect another rate hike in December, after the Fed raised rates by 25 basis points in September.

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