The Federal Reserve is expected to maintain interest rates constant after its policy meeting, but may raise them again due to risk aversion and concerns about inflation rising.

Evercore ISI analyst Krishna Guha predicts the Fed will strike a stern tone, asserting a serious option of a further hike and a high bar for future cuts.

The recent rate hike may affect bank accounts, CDs, loans, and credit cards.

The announcement of the August Consumer Price Index (CPI) climbed 0.6% and 3.7% over the previous year.