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The next Federal Reserve meeting kicks off this Tuesday, October 27, and concludes Wednesday, October 28, with the latest policy decision.

With the midterms right around the corner, it's widely expected that the Fed will keep interest rates unchanged this time.

However, BofA Securities economist Aditya Bhave believes there's an argument to be made for an October hike. "The inflation picture has gotten worse on net since the September meeting ," he says. "The beat in September inflation was large and broad-based enough to offset last month's bigger-than-expected downward revisions."

The Kiplinger team is reporting live on the October Fed meeting, bringing you the news and our expert analysis of what it could mean for the economy. Scroll for the latest updates.

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