Evening Wrap: US Today

The Federal Reserve is widely expected to raise its benchmark interest rate by a quarter-point on Wednesday for the first time in three years, defying President Trump's public demands for a cut. The decision comes as stubbornly high inflation, fueled by the ongoing Iran war and surging energy costs, forces the central bank's hand.

Watch List

• Fed Decision Looms: Chair Kevin Warsh is set to announce the rate hike at 2:00 PM ET tomorrow, with markets already...