Fed reportedly raises rates to 3.75%–4.00% in first hike since 2023

A September 17 post says the Fed raised rates by 25 basis points to 3.75%–4.00%, marking its first hike since 2023. It describes a unanimous 12–0 vote and signals of another increase in 2026, attributing the move to inflation from a crude-oil spike tied to the U.S.–Israel–Iran conflict.

A September 18 market recap says stocks rose the day after the hike as oil and Treasury yields eased. It lists gains of 1.7% for the Nasdaq, 1.1% for the S&P 500 and 0.6% for the Dow.