Fed Rate Hike September 2026: What Warsh’s Decision Means for Markets, Mortgages and India
On 16 September 2026 the Federal Reserve raised its benchmark rate by 25 basis points to a target range of 3.75% to 4%, its first hike since 2023. The vote was unanimous at 12-0, and new Chair Kevin Warsh signalled at least one more increase this year. The Dow fell 1.2%, while mortgage rates held […]