Fed Raises Benchmark Rate by Quarter‑Point
The Federal Reserve raised the U.S. benchmark interest rate by 0.25 percentage point on September 16, 2026, its first hike since summer 2023, increasing borrowing costs and boosting returns for savers.
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2 storiesnewest firstlatest September 16, 2026
Fed Holds Rates Steady as Three Members Call for Hike
The Federal Reserve kept its benchmark rate at 3.50%-3.75% on July 29, 2026, with three of twelve policymakers dissenting and favoring a quarter‑point hike.
