The Federal Reserve increased its key interest rate by a quarter of a percentage point on September 16, 2026. This decision comes as mortgages and other consumer loans have already been trending higher in recent months.
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Federal Reserve Raises Key Interest Rate by 0.25%
On September 16, 2026, the Federal Reserve raised its key interest rate by 0.25%. This increase follows a trend of rising rates for mortgages and consumer loans.
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How the Fed’s Interest Rate Increase Affects Your Finances
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Federal Reserve Raises Key Interest Rate by 0.25%