Fed decision, Klaviyo IPO, government shutdown: 3 Things to know September 20, 2023
Fed Day is upon us with investors and markets paying close attention to Federal Reserve Chair Jerome Powell's tone in his interest rates statement later today. A majority of experts expect regulators to hold rates where they are until the next FOMC meeting in 2023. Klaviyo (KVYO) will be joining the 2023 IPO Club, alongside Arm Holdings (ARM) and Instacart (CART), pricing its initial offering at $30 per share. Lastly, Republican lawmakers are struggling to agree upon a new federal budget proposal in order to avoid a government shutdown. Yahoo Finance's Seana Smith and Brad Smith detail several of this morning's leading news headlines.
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