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Fed reportedly raises rates a quarter point to 3.75%–4.00%

A user citing the Fed says the September 16, 2026 vote was 12–0, marking the first increase since July 2023. The account says the central bank’s projections point to one more hike by year-end.

The Overnight RateTO
1 Source, 22d ago, first seen 22d ago

TLDR

The Fed raised rates by a quarter point to 3.75%–4.00% on September 16, 2026, according to a user citing the central bank. The account cites Fed projections putting rates at 4.1% at both the end of 2026 and the end of 2027; the June projection for the end of 2027 was 3.6%. Citing Polymarket, the user also says the odds of two or more hikes in 2026 rose from 53% that morning to 82% by evening.

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1 Source, first seen 22d ago

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1 Source, first seen 22d ago

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1 Source

The Overnight Rate@overnightrateThe Fed raised a quarter point to 3.75 to 4.00 on Wednesday, 12 to 0, its first increase since July 2023 (Fed). Its own projections put the year-end rate at 4.1, which is one more hike, and the end of 2027 at the same 4.1. In June that 2027 number was 3.6 (Fed projections). The market did the rest. Two or more hikes this year went from 53% Wednesday morning to 82% by evening (Polymarket). A hike in October is 46%, a hike in December 69%. Recession by year-end drifted down to 11% from 17% Tuesday night. What it costs: prime went to 7.00% today (Bank of America), so cards and home equity lines reprice on the next statement. The 30-year sat at 7.24% on Mortgage News Daily's index Wednesday, and the 10-year closed at 5.01% (Treasury). Diesel printed $6.40 this morning, the highest average AAA has on record.22d
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    The Overnight Rate@overnightrateThe Fed raised a quarter point to 3.75 to 4.00 on Wednesday, 12 to 0, its first increase since July 2023 (Fed). Its own projections put the year-end rate at 4.1, which is one more hike, and the end of 2027 at the same 4.1. In June that 2027 number was 3.6 (Fed projections). The market did the rest. Two or more hikes this year went from 53% Wednesday morning to 82% by evening (Polymarket). A hike in October is 46%, a hike in December 69%. Recession by year-end drifted down to 11% from 17% Tuesday night. What it costs: prime went to 7.00% today (Bank of America), so cards and home equity lines reprice on the next statement. The 30-year sat at 7.24% on Mortgage News Daily's index Wednesday, and the 10-year closed at 5.01% (Treasury). Diesel printed $6.40 this morning, the highest average AAA has on record.22d
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