00:00it's Benzinga bringing Wall Street to Main Street the Federal Reserve is
00:04expected to hold interest rates steady Wednesday even as stronger than expected
00:08September inflation data supports another increase according to the Wall
00:12Street Journal Fed Chairman Kevin Warsh has signaled no urgency to raise rates
00:16following last month's hike lowering market expectations of another increase
00:20to around 15% consumer and wholesale inflation readings suggest progress
00:25toward the Fed's 2% target has stalled officials remain divided over how
00:29quickly to raise rates with some favoring further increases to prevent inflation
00:34from becoming entrenched investors expect another hike in December while several
00:38analysts have added an increase early next year to their forecasts the Fed's
00:43benchmark rate currently stands between three point seven five percent and four
00:47percent for all things money visit Benzinga calm
