The Federal Reserve is set to make a historic interest rate decision today. Here’s what you need to know: The decision is expected at 2:00 p.m. ET. The Fed is widely expected to raise rates by 0.75 percentage points. This would be the third consecutive 0.75 percentage point increase. The decision comes as inflation remains high, with consumer prices rising 8.6% in May from a year ago. The Fed’s target for inflation is 2%. The decision could impact the stock market, with investors on edge ahead of the announcement.
