Did the Midterms Delay a Fed Rate Hike? | Diving In

Why did the Fed hold interest rates steady when inflation is still above 2%? Inflation is running hot by every measure — PCE at 3.4%, core at 3.0%, and the CPI that tracks your actual cost of living at 3.7% — yet the Federal Reserve just chose to do nothing. Justin Wolfers walks you through what that decision means for your money, and admits up front he's a little puzzled too. Markets put an 85% chance on a rate hike in December, so what the Fed really did was delay a move almost everyone agrees is coming. Subscribe: on YouTube 👉 https://youtube.com/platypuseconomics on Substack 👉 https://newsletter.platypuseconomics.com the Podcast 👉 https://platypuseconomics.com/podcast Follow on Social Media @PlatypusEconomics and @JustinWolfers