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EconomyFed Set to Hold Rates This Week as September Inflation Climbs to 3.7%BankingHigh-Yield Savings Accounts Still Paying Up to 4.70% APY — Far Above Big-Bank RatesMortgage & Housing30-Year Mortgage Rate Edges Down to 7.32% After Two Weeks Stuck at 7.40%Inflation38% of Americans Expect to Lean on Credit Cards to Cover Expenses This MonthTaxesIRS Sending Automatic Adoption Credit Refunds to 50,000+ Families — No Action NeededEconomyFed Set to Hold Rates This Week as September Inflation Climbs to 3.7%BankingHigh-Yield Savings Accounts Still Paying Up to 4.70% APY — Far Above Big-Bank RatesMortgage & Housing30-Year Mortgage Rate Edges Down to 7.32% After Two Weeks Stuck at 7.40%Inflation38% of Americans Expect to Lean on Credit Cards to Cover Expenses This MonthTaxesIRS Sending Automatic Adoption Credit Refunds to 50,000+ Families — No Action Needed
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Today’s Lead Story
Monday, October 26

Economy

Fed Set to Hold Rates This Week as September Inflation Climbs to 3.7%

via CNBC

The Federal Reserve meets October 27–28 and is broadly expected to leave its benchmark rate unchanged at 3.75–4.00%. September consumer prices rose 3.7% year over year, driven largely by a 9% surge in gasoline costs, and markets now see roughly an 87% probability of a December rate increase.

Why it matters

Elevated benchmark rates keep everyday borrowing costs high — from credit cards to auto loans — so households carrying debt will likely face steep interest charges well into early 2027.

See all today’s storiesRead source

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