Fed Delivers First Rate Hike Since 2023, Unanimous 25 bps Move to 3.75%-4%
The US Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4.00% on September 16, its first hike since July 2023. The vote was unanimous. Policymakers flagged still-elevated inflation and said the move supports a quicker return to the 2% goal.
Nictick — educational context
The Fed held rates in July in a 9-3 vote, with three members wanting a hike. US crude above $100 and a 10-year Treasury yield near 5% kept pressure on. Updated projections show a median path of one more hike in 2026 and another in 2027. Remaining 2026 meetings: Oct 27-28 and Dec 8-9.