Follow live coverage of the October Federal Reserve meeting that started Tuesday. The Federal Open Market Committee's interest-rate decision is due Wednesday, and will be followed by a press conference from Fed Chair Jerome Powell.

Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.

Stock futures pointed higher Wednesday ahead of the Federal Reserve's decision on interest rates and earnings reports from several tech giants, while Nvidia was on the cusp becoming the first company to have a $5 trillion valuation.

Contextualizing speed and distance helps set expectations. Around perihelion, 3I/Atlas is moving at roughly 68 km per second. Its closest approach to Earth is about 1.8 AU, near December 19, which is about 270 million kilometers. Those numbers place it firmly outside any risk envelope for our planet.

Rates have been dropping ahead of the October Federal Reserve meeting, which will conclude today. Average 30-year mortgage rates are now 85 basis points down from where they started the year, according to Freddie Mac. For borrowers who have rates in the 7% or 8% range, the recent drop in rates could make refinancing worthwhile.