This is the Indicator from Platinum Money, I'm Darian Woods.

And I'm Whalen Wong.

Today, the Federal Reserve left interest rates unchanged.

And this decision was kind of a nail-biter.

Heading into today, economists and people in financial markets were debating whether

the Fed would keep hiking interest rates or leave them alone.

And you know when we talk about these Fed decisions, we often use a kind of casual shorthand.

We say, what is the Fed going to do on rates?

Or the Fed has hiked the interest rate?

But there is more to interest rates than meets the eye.

It's like that animated Disney movie Ratatouille, where it turns out the talented young cook

at a French restaurant is actually being guided by a rat hiding under his chef's hat.

But this rat, he's the one behind these recipes, he's the cook, the real cook.

He's been hiding under my toe.

He's been controlling my actions.

No, I've never seen this movie, but Whalen, you're suggesting it as a metaphor for monetary

policy, so I'm intrigued.

Oh boy, well, you will not be disappointed.

To Dan the show, we rip off the chef's toe of the Fed to reveal the two interest rates

that really matter when the Fed is hiking rates.

Ratatouille, after the break.

This message comes from an PR sponsor, Mass Mutual, helping small businesses with a long-term

...