On Sept. 16, 2026, the Federal Reserve increased its benchmark interest rate target range by 25 basis points to 3.75%–4.00%. This bump is not a shock, as many economists predicted the Fed would increase rates to combat rising inflation. However, this is the first rate hike since July 26, 2023. The unanimous decision to raise rates is the first real movement in nearly a year, holding steady throughout 2026 after the last cut in December 2025. Federal Reserve Chairman Kevin Warsh described this decision in the post-decision press conference as a…
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Federal Reserve holds rates steady for fifth consecutive month
The Federal Reserve in its July policy meeting decided to hold interest rates at 3.5% to 3.75%. This comes amid elevated inflation rates, which were attributed to supply shocks. This is also the Fed’s fifth consecutive hold; the last rate cut was in December 2025. “The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate,” the Board said in a statement. “The Committee is continuing its policy of maintaining ample reserves in the banking…
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