Markets18 October 2026
Fed raises rates in September 2026 to curb inflation, dollar surges
via CNN Business
The Federal Reserve hiked interest rates for the first time since 2023 on Sept 16, pushing to rein in inflation. S&P 500 turned lower, long-term Treasury yields pared declines, and the dollar surged. Chair Warsh emphasized commitment to inflation control and noted strengthening economic growth.
Original source
CNN Business
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