Fed reportedly raises rates to 3.75%–4% in first hike since 2023

A September 17 post sharing CNBC links says the Fed raised its target range by 25 basis points—a quarter of a percentage point—to 3.75%–4%, its first hike since 2023. The post says the Fed’s projections leave room for another move in 2026 and that stock futures were bouncing back that morning after a post-decision sell-off.