What the Fed's interest rate decision means for your bank accounts, loans, credit cards, and investments - Yahoo Finance

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . The Federal Reserve is widely expected to pause further interest rate increases on Wednesday, following September's first hike in more than three years. Based on 30-day fed funds futures prices , Fed Chairman Kevin Warsh and the Federal Open Market Committee are likely to raise the benchmark interest rate by a quarter-point in December. "The Federal Reserve's interest rate decision takes center stage this week after a hotter-than-expected September CPI report showed price pressures broadening," Ehsan Khoman, economist with the BlackRock Investment Institute, said in an analysis.