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The Fed Just Raised Rates for the First Time in Three Years. Here's What It Means for Your Money

On September 16, 2026, the Federal Reserve lifted its benchmark rate to 3.75%–4.00% — the first increase since July 2023 — and signalled the tightening may not be over. We break down why it happened, what the dot plot revealed, and what it means for mortgages, savings, and markets.