Fed Lifts Rate Target to 3.75%-4% After July Hold

Federal Reserve lifted its federal funds target — the benchmark that guides borrowing costs — to 3.75% to 4% in September 2026, Kiplinger reported. That's up 0.25 point (25 basis points) from 3.5% to 3.75% in July, per the Fed. Expect pricier loans but better savings rates. I read this as a pause ending 2025's cuts, for now.