Federal Reserve's interest rate announcement: Here's what to expect
CBSN
All eyes are on the Federal Reserve as the central bank's rate-setting body debates how to deal with a prolonged bout of inflation that has soured consumers on the post-COVID-19 recovery.
The Fed's rate-setting body, the Federal Open Markets Committee, is wrapping up its last meeting of the year on Wednesday. Fed Chair Jerome Powell is set to give a press conference at 2:30 p.m. EST laying out his outlook for the economy and the bank's upcoming policy changes that could include multiple small hikes in interest rates next year.
Five people boarded OceanGate's Titan submersible last summer to dive down to see the wreckage of the Titanic, but less than two hours later, the vessel imploded, killing all on board. Now, a billionaire from Ohio wants to make his own attempt – an idea he had just days after the Titan met its fatal end.