Stocks retreat as Wall Street braces for 'higher for longer' rates: Stock market news today

US stocks were poised to continue their retreat on Thursday as investors worried over the Fed's hawkish stance.

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  Stocks slide after Fed pauses, hints at higher interest rates for longer: Stock market news today

  Yahoo Finance
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  U.S. Stock Futures Drop as Markets Digest Fed’s Hawkish Tone

  Barrons.com

America's tax collectors may escape a possible government shutdown

If the federal government shuts down on Oct. 1, many critical US agencies will close their doors and send employees home. But that is likely not to be the case at the IRS.

Interest rates staying 'higher for longer' means at least through 2026 for the Fed

The Fed kept rates steady on Wednesday but suggested a less friendly outlook for investors betting on the central bank starting to back off its efforts to bring inflation down.

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  Fed 'dot plot' shows one more rate hike in 2023, higher economic growth forecast

  Yahoo Finance
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  US interest rate will remain unchanged at 22-year high, Federal Reserve says

  The Guardian

Credit card debt is still a big problem even though the Fed didn't hike interest rates

Fed policymakers kept the federal funds rate unchanged at a 22-year high of 5.25% to 5.5% in September.

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  Fed 'dot plot' shows one more rate hike in 2023, higher economic growth forecast

  Yahoo Finance
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  What the Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards

  Yahoo Personal Finance