Chris Zaccarelli of North Light Asset Management believes that the Federal Reserve will raise interest rates by 25 basis points in December after another inflation data that exceeds expectations is released. He believes that the Federal Reserve will keep interest rates unchanged at the October interest rate meeting, partly because the meeting is close to the US midterm elections. Despite rising interest rates, Zaccarelli expects the stock market to remain resilient, but election-related uncertainty may cause short-term fluctuations.

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