World & BusinessFed reportedly raises rates to 3.75%–4% in first hike since July 2023
Coin Bureau reports a unanimous 12–0 vote on September 16, 2026, with 12 of 18 officials projecting another rate increase by year-end.
TLDR
Coin Bureau reports that the Fed raised rates by 0.25 percentage points to 3.75%–4% on September 16, 2026. It says 12 of 18 officials see one more hike in 2026, four see two more and two see none. Coin Bureau also reports higher 2026 PCE inflation forecasts: 3.7% for headline inflation and 3.4% for core inflation. The Kobeissi Letter frames the unanimous hike as a sign of a widening divide with President Trump, who has called for rate cuts.
