Fed Raises Rate Target to 3.75%-4%

Federal Reserve lifted federal funds target to 3.75% to 4% in September 2026, Kiplinger reported. That is up 25 basis points — 0.25 point — from 3.5% to 3.75% held in July, per the Fed. Higher rates usually mean pricier borrowing but better savings yields. I'd read this as the end of 2025's cutting run, for now.