Fed raises rates 25bp to 3.75%-4.00%, first hike since July 2023, in FOMC statement citing elevated inflation

The Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4.00% on September 16, 2026, its first hike since July 2023 and the first after five consecutive holds, matching market expectations. The FOMC statement said "inflation remains elevated" and that "today's policy action will support a timelier return to the Committee's 2 percent goal."

Detected & updated continuously · Source: Nebula