The Fed has been aggressively hiking interest rates in an attempt to tame 40-year-high inflation in the US economy.
The September inflation report is set to be released on Thursday. The Fed is expected to further hike rates for the sixth time at its November 1-2 meeting to push the federal funds rate from the current range of 3% to 3.25%. At its past three meetings, the Fed has kicked up the benchmark rate by 75 basis points.
