Annual inflation rate cools to 3.3% but remains well above Federal Reserve's target

The video discusses the rise in market indices following a report of cooled inflation, which increased by 3.3% year over year. The Federal Reserve is expected to announce its decision on interest rates, with few analysts predicting a rate cut today. However, both Wall Street and Main Street are keenly observing for any hints of future rate cuts.

What was the year-over-year increase in inflation mentioned in the text?

What decision is the Federal Reserve Bank expected to announce later in the afternoon?

At what time is the Fed's announcement scheduled?

What are analysts expecting regarding interest rates during the Fed's announcement?

What will Wall Street and Main Street be looking for in the Fed's announcement?