A September 18, 2026 post says the Fed raised rates by 25 basis points—a quarter percentage point—that week to counter high inflation. The author quotes JPMorgan as saying “we simply don't know how to model the endgame” of the Iran war and argues that higher borrowing costs cannot fix disruptions to oil flows through the Strait of Hormuz. If oil prices fall as the war eases, the author warns, households and businesses could still be left facing higher borrowing costs.