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Fed Raises Rates to 4 Percent as Inflation Persists

By Markets Desk · 2026-09-16 · Updated 2026-09-16 22:23 UTC
A large, ornate central bank building facade with tall columns and a clear sky
Illustration: Tradingbird

The Federal Reserve has lifted its benchmark rate to the 3.75–4 percent range in a unanimous vote to combat persistent inflation. New data indicates this move will directly increase borrowing costs, adding approximately $1.38 to average monthly credit card payments and potentially raising mortgage payments by $65.

  • According to GN markets/inflation (en-US), the FOMC approved the hike unanimously, with TransUnion estimating that the average credit card holder will see monthly minimum payments rise by roughly $1.38. The report also notes that a quarter-point increase in mortgage rates could add about $65 to the monthly cost of an average new home loan.

    Source: CU Today

  • The Federal Reserve hiked rates by 25 basis points, pushing the benchmark to the 3.75–4 percent range. Chair Kevin Warsh cited geopolitical factors and commodity prices as key drivers of persistent inflation.

    Source: Slate Magazine
Based on reporting by Slate Magazine and CU Today, compiled by the Tradingbird desk.

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