It’s finally here.
The Federal Reserve will issue its long-awaited decision on interest rates at 1 p.m. today.
Traders across the US and overseas are monitoring the Fed closely as its Monetary Policy Committee prepares to announce its biggest decision in a long time.
The Fed must decide whether the US economy is healthy enough for the first interest rate hike in nearly a decade.
The decision could have far-reaching ramifications on stocks, currencies, bonds, mortgages and even car loans.
A chorus of influential voices, including the International Monetary Fund and the World Bank, have called on the fed not to raise rates just yet.
Others say it’s high time to end the uncertainty.