On September 16, 2026, the US Federal Reserve raised its benchmark federal funds rate by 25 basis points to a target range of 3.75%–4.00% its first increase since 2023. The Federal Open Market Committee's decision was unanimous, a 12–0 vote, marking a shift from the split 9–3 outcome at July's meeting, when three regional Fed presidents had already pushed for tightening. Fed Chair Kevin Warsh described the US economy as “expanding at a solid pace” but flagged that inflation “