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Fed rate decision
The gist
The Fed is expected to raise rates a quarter point to 3.75%-4.00% on Sept. 16.
It would be the first hike since July 2023 and test chair Warsh's independence.
How it unfolded
- Jul 2023The Fed held rates steady; Cleveland Fed's Beth Hammack, Minneapolis Fed's Neel Kashkari and Dallas Fed's Lorie Logan dissented, favoring a quarter-point increase.
- May 2026Kevin M. Warsh took over as Fed chairman.
- Sep 9, 2026Axios reported the decision may hinge on a few hundredths of a percent of a single month's inflation data.