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Fed Raises Rates 0.25 Points to 3.75%-4.00%

By Drooid · Oct 1, 2026, 4:19 PM UTC · How we work

Summary

Story summary

The Federal Open Market Committee voted unanimously to raise the federal-funds target range by 0.25 percentage point to 3.75%-4.00%.
U.S. Federal Reserve (Fed) Chair Kevin Warsh advocated eliminating forward guidance from monetary policy.
The Bureau of Economic Analysis reported August PCE inflation at 4.0% overall and 3.0% core.
CME FedWatch indicated a 63% probability the Fed will hold rates, down from a 70% hike likelihood.

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Story summary

The Federal Open Market Committee voted unanimously to raise the federal-funds target range by 0.25 percentage point to 3.75%-4.00%.
U.S. Federal Reserve (Fed) Chair Kevin Warsh advocated eliminating forward guidance from monetary policy.
The Bureau of Economic Analysis reported August PCE inflation at 4.0% overall and 3.0% core.
CME FedWatch indicated a 63% probability the Fed will hold rates, down from a 70% hike likelihood.