Story perspectives

Fed Raises Benchmark Rate to 3.75%–4% Unanimously

By Drooid · Oct 26, 2026, 3:25 PM UTC · How we work

Summary

Story summary

The Federal Reserve raised its benchmark rate to 3.75%–4% on September 16, 2026.
The Committee voted unanimously, 12-0, for the increase.
Producer prices rose 6.3% year-over-year in September 2026, the largest jump since 2022.
About 1 million adjustable-rate mortgages exist, with roughly a third adjusting and over 90% issued since 2022 staying fixed.
Variable-rate credit cards tied to the prime rate will see APRs rise 0.25% per Fed hike.

1 of 1

Story summary

The Federal Reserve raised its benchmark rate to 3.75%–4% on September 16, 2026.
The Committee voted unanimously, 12-0, for the increase.
Producer prices rose 6.3% year-over-year in September 2026, the largest jump since 2022.
About 1 million adjustable-rate mortgages exist, with roughly a third adjusting and over 90% issued since 2022 staying fixed.
Variable-rate credit cards tied to the prime rate will see APRs rise 0.25% per Fed hike.