Forex
FOMC Hikes Rates to Combat Persistent Inflation
The Federal Reserve System's Federal Open Market Committee (FOMC) has raised the federal funds rate by 25 basis points to 3.75%-4% in a bid to combat persistent inflation.
This decision was made at the FOMC meeting on September 16, 2026, and is aimed at addressing strong economic growth and labor market conditions.
The FOMC remains focused on achieving its 2% inflation target and will continue to monitor trends and global developments.