As the Fed Sets a Taper Date, Consumers Hope for a Decrease in Inflation

The Federal Reserve finally announced its taper plan on Wednesday saying that it planned to scale back on bond purchases as growth slows, and would not rush to raise interest rates. Ross Mayfield, Investment Strategy Analyst at Baird spoke on whether or not a decrease in inflation could be in the country’s future amidst comments made by Fed chairman Jerome Powell. Baird also broke down ADP jobs numbers ahead of the Labor Department's October jobs report.
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Powerball Jackpot Soars to $1.3 Billion
After no ticket matched all six numbers in the Labor Day Powerball draw, the jackpot has ballooned to an astonishing $1.3 billion, the fifth largest in history.
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