Economy
Fed Raises Rates to 3.75–4.00%; Most Officials See Another Hike Before Year-End
via Federal Reserve
The Federal Reserve lifted its benchmark rate a quarter-point to 3.75–4.00% on September 16 — its first hike in more than three years. A large majority of Fed officials forecast at least one additional increase in 2026 as core inflation runs well above the central bank's 2% goal.
Why it matters
Rising rates raise borrowing costs on mortgages, car loans, and credit cards while savers can now earn more in high-yield accounts and CDs — a trade-off shaping almost every household financial decision right now.


