Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
The Federal Reserve will decide Wednesday afternoon whether to raise interest rates after opting to keep interest rates level at its last meeting in September.
Federal Reserve Chair Jerome Powell has made it the Fed's goal to get inflation to an annualized rate of 2%. As of September, the consumer price index, the leading measure of consumer inflation in the U.S., was 3.7%. The consumer price index has fluctuated in the 3%-4% range for much of 2023 after topping 9% in 2022.
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