Prof G Markets · Thursday, September 17, 2026
The Federal Reserve has raised interest rates by a quarter point in a unanimous decision, marking the first hike in three years. This move aims to cool inflation, which has persisted above the Fed's target for five and a half years. The Fed's forecast indicates a potential for further hikes this year.
“The Fed just raised rates for the first time since 2023. In a unanimous vote, officials raised rates by a quarter point, and the Fed's forecast shows an additional hike is likely this year.”
“This summer's inflation readings do not tell me that underlying trends have meaningfully improved.”
“Investors largely had expected this outcome, on Calci, the odds of a rate hike grew to 88% ahead of the decision.”