Federal Reserve Hikes Interest Rate to 3.75%-4.00%
The US Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4.00%.
This decision was made amid continued price pressures in the US economy, with inflation remaining above the Federal Reserve's target of 2%.
In August 2026, US headline consumer inflation stood at 3.4% year-on-year, while producer price index (PPI) inflation increased to 5.4% year-on-year.