Fed rate decision: What you need to know

The Federal Reserve is expected to raise interest rates again this week, as it continues to fight inflation. The decision will be announced at 2 p.m. ET on Wednesday, September 21.

The Fed has already raised interest rates four times this year, and another increase is widely expected. The central bank is trying to slow down the economy and bring inflation under control. Inflation has been running at a 40-year high, and the Fed is concerned that it will become entrenched if it is not brought under control.

The Fed's decision will have a significant impact on the economy. Higher interest rates will make it more expensive for businesses to borrow money and invest. This could lead to slower economic growth and job losses.

The Fed's decision will also affect consumers. Higher interest rates will make it more expensive to borrow money for a car, a house, or a personal loan. This could lead to a slowdown in consumer spending.

The Fed's decision is a difficult one. The central bank is trying to balance its goals of fighting inflation and promoting economic growth. The Fed will need to carefully weigh the risks and benefits of raising interest rates before making a decision.

Here are some things to watch for in the Fed's decision:

The size of the rate increase. The Fed is expected to raise interest rates by 50 basis points, but a larger increase is possible.

The Fed's economic projections. The Fed will release its latest economic projections along with its decision. These projections will give investors a sense of how the Fed sees the economy performing in the coming years.

The Fed's press conference. Fed Chair Jerome Powell will hold a press conference after the decision is announced. Powell's comments will be closely watched for any insights into the Fed's thinking.

The Fed's decision will have a significant impact on the economy and financial markets. Investors should pay close attention to the decision and its implications.