Fed Raises Rate to 3.75%-4% Unanimously

The Federal Reserve voted unanimously Sept. 16, 2026, to raise its benchmark to 3.75% to 4%, up from 3.5% to 3.75%, Yahoo Finance reported. That's 25 basis points — a quarter point. Savers could earn more on deposits; variable-loan borrowers will likely pay more. I'm watching how fast banks pass it on.