Interest Rates Unchanged, Offshore Wind Leases Canceled: Money Minute

[00:00:00]This is Bloomberg Money minute. Investors are eyeing a possible interest rate hike next year, with half of the 18 fed policy meeting participants pencilling in such make interest rates for now unchanged in Kevin Marsh's first decision as fed chair. Crude oil futures also in focus on word inventories at the US. Largest commercial crude oil storage hub in Cushing, Oklahoma, fallen to the lowest since 2014.

[00:00:23]The Trump administration canceling four offshore wind leases held by Chicago, based in energy and refunding the company's $765 million in energy, will use the money to invest in natural gas and geothermal projects under a settlement with the Interior Department, and the Trump administration expected to create an exemption in its definition of ultra processed foods for healthy items and for infant formulas that could spare some processed foods seen as having nutritional benefits from being classified as ultra processed.

[00:00:52]This report is sponsored by Vanguard Investor Choice, a proxy voting program for eligible Vanguard Index funds. Denise Pellegrini Bloomberg.