Fed approves interest rate hike, signals one more to come this year

• The Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%-4%, its first increase since 2023.
• The FOMC approved the move unanimously after three members favored a hike at the July meeting.
• Updated projections point to the possibility of another rate increase this year.

https://www.cnbc.com/2026/09/16/fed-rate-decision-september-2026.html