The Federal Reserve will announce its policy decision on Sept. 16, with expectations of a rate hike amid elevated inflation and CPI prices. Kevin Gordon, Head of Macro Research and Strategy at the Schwab Center for Financial Research, and Yahoo Finance Senior Business Reporter Ines Ferré join Yahoo Finance Executive Editor Brian Sozzi to discuss the potential consequences of a rate hike. We have a key Fed meeting later this week, guys. Come on. I mean, it's coming. Fed Chair Kevin Warsh is in quite the pickle. Piss off the president by hiking interest rates, or piss off the public by letting inflation get even more out of hand by standing pat on interest rates.
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