Inflation was cooling for three straight months, and the Fed raised rates anyway. On September 16, 2026, the FOMC voted 12-0 to hike the federal funds rate to 3.75%-4.00%, the first increase since 2023.
In this video, you'll learn:
Why PCE, not CPI, drives Fed decisions
What the new dot plot signals for the rest of 2026
The real dollar impact on a new mortgage, a credit card balance, and a savings account
Who this hike touches fast, and who it barely reaches
This video is for general understanding only and isn't personalized financial, investment, or lending advice. Consider your own situation or talk to a licensed professional before making borrowing or saving decisions.
Subscribe for the next one, where we cover what happens if the Fed follows through on a second hike in October.
Keywords: Fed rate hike, Federal Reserve interest rates, September 2026 Fed meeting, mortgage rates 2026, CPI vs PCE, Fed dot plot explained, federal funds rate, FOMC decision, why did the Fed raise rates, how does a Fed hike affect my mortgage
