Wall Street up almost 1% after Fed's first rate hike in over three years

Wall Street was set to open almost 1% higher Sept. 17, 2026, per Reuters, after the Fed raised rates for the first time in over three years. It lifted its target to 3.75% to 4%, up a quarter-point (25 basis points). Lower oil, falling Treasury yields — the interest on debt — and solid jobs data came with the rise.