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Fed Raises Rates to 3.75%-4.00% After September Meeting

By Drooid · Sep 23, 2026, 10:22 AM UTC · How we work

Summary

Story summary

The Federal Open Market Committee raised the federal funds rate to 3.75%-4.00% on September 22, 2026.
Fed officials expect at least one more hike this year, with twelve members in favor.
The U.S. dollar index rose to 100.54, its highest since July 29, 2026.
India’s rupee slipped 0.1% to 95.6950 per dollar.
Brent crude fell about 1% to $98.4 per barrel as UN diplomacy raised hopes.

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Story summary

The Federal Open Market Committee raised the federal funds rate to 3.75%-4.00% on September 22, 2026.
Fed officials expect at least one more hike this year, with twelve members in favor.
The U.S. dollar index rose to 100.54, its highest since July 29, 2026.
India’s rupee slipped 0.1% to 95.6950 per dollar.
Brent crude fell about 1% to $98.4 per barrel as UN diplomacy raised hopes.