Major stock indexes are slated to close lower this month as investors brace for the Federal Reserve's rate decision and ahead of new jobs data.

<div class="block">Major stock indexes are slated to close lower this month as investors brace for the Federal Reserve&#39;s rate decision and ahead of new jobs data.</div>

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Stocks Set to Close Lower for October Ahead of Fed Decision, Key Jobs Data

I want to bring in Cheddars Kristen Ser from the floor of the New York Stock Exchange, Christian and Stocks are getting ready to wrap up the month of October. So how did they do so far? Is it spooky? I hate to break it to you to our table, but yes, it is a bit spooky. So we've got just two days left in trading this month today and tomorrow and all three major indexes, in fact, on track to close lower for the month of October. So the S and P 500 on track to close down for the third straight month and be the longest monthly losing streak since early 2020 stocks have been trending lower in recent months with expectations that the fed will keep rates higher for longer as it works to bring down inflation. It also follows a surge in stocks in the first half of the year due to buzz surrounding artificial intelligence and hopes that the Federal Reserve would soon stop raising rates. Now, the feds next meeting is scheduled to start tomorrow. We'll get a decision on Wednesday.