Chris Zaccarelli of Northlight Asset Management anticipates the Federal Reserve will raise interest rates by 25 basis points in December, following another higher-than-expected inflation report. He believes the Fed will keep rates unchanged at its October meeting, partly due to the proximity of the U.S. midterm elections. Despite rising interest rates, Zaccarelli still expects the stock market to remain resilient, though election-related uncertainty could trigger short-term volatility.