Fed reportedly raises rates by 25 basis points for first time since July 2023

A stock-market recap shared on September 17 says the Fed raised interest rates by 25 basis points—a quarter of a percentage point—in a unanimous 12–0 decision. The recap says the Fed cited Middle East conflicts and broader geopolitical developments as contributing to its decision. It describes updated projections pointing to one more quarter-point hike in 2026 and two additional hikes in 2027. Separately, WatcherGuru reports that Goldman Sachs expects another 25-basis-point increase in October 2026.