Definition
The Fed raising or lowering its target range for the federal funds rate, usually by a quarter of a percentage point.
The story
On Sep 16, 2026, the Fed raised rates by a quarter point, to 3.75% to 4.00%. It was its first hike since July 2023. Hikes make borrowing more expensive to cool inflation; cuts make it cheaper to support growth.
Why markets watch it
Even the odds of a hike or cut can move markets long before the meeting.
IN HISTORICAL DATA
Latest Fed decisions: Wed, Oct 28, 2026 · As expected
- Decision
- Hold
- S&P 500
- +0.3%
- Nasdaq
- +0.3%
- Gold
- Spot $4,035.48/oz, down 0.60%
History, not a prediction. Every row lists its sources.
All Fed decisions →See it in the story
Connects to
The Federal ReserveFederal funds rateInflationTerminal rateTightening and easing
Last seen in
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms