FOMC Raises Fed Funds Rate a Quarter Point (Sep 2026)
event
The FOMC raised the fed funds rate by a quarter point, its first hike in more than three years.
Who they are
The FOMC[1].
What they do
On September 16, 2026, the FOMC raised the fed funds target 1/4 point to 3-3/4 to 4 percent, from 3.5%-3.75%.
How it works
The vote was 12-0; on the dot plot, 12 of 18 placed the end-2026 rate at 4.125%.
Why it matters
It is filed as a news event under Kevin Warsh (Fed Chair, 2026–).
The engine's record — word for word
2026-09-16: FOMC raised fed funds target 1/4 point to 3-3/4 to 4 percent from 3.5%-3.75%, 12-0 (Fed release); first hike in more than three years. Dot plot: 12 of 18 placed end-2026 at 4.125%. [Live pass Oct 6 2026]
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