Story perspectives

Fed Raises Rates to 3.75%–4% as Hiring Surges

By Drooid · Sep 22, 2026, 11:55 PM UTC · How we work

Summary

Story summary

The Federal Reserve raised its benchmark rate to 3.75%–4% on Sept. 16, 2026.
The Bureau of Labor Statistics reported nonfarm payrolls rose 162,000 in August, the biggest gain since March.
Career coach Colleen Paulson expects a September hiring surge as workers return from vacations.
Amanda Augustine says firms may pause hiring until midterm election outcomes are clear.
Annette Garsteck says higher borrowing costs could make employers cautious and delay hiring.

1 of 1

Story summary

The Federal Reserve raised its benchmark rate to 3.75%–4% on Sept. 16, 2026.
The Bureau of Labor Statistics reported nonfarm payrolls rose 162,000 in August, the biggest gain since March.
Career coach Colleen Paulson expects a September hiring surge as workers return from vacations.
Amanda Augustine says firms may pause hiring until midterm election outcomes are clear.
Annette Garsteck says higher borrowing costs could make employers cautious and delay hiring.