Economy
Fed Releases Minutes From September Rate Hike — Its First Increase Since 2023
via Federal Reserve
Minutes from the Federal Reserve's September 15–16 meeting, released Wednesday, show all 12 voting members unanimously backed a quarter-point rate increase to 3.75%–4.00% — the central bank's first hike since 2023. A majority of policymakers expected at least one more increase before the end of the year.
Why it matters
Higher benchmark rates typically push up credit card APRs, auto loans, and adjustable-rate mortgages within weeks, so reviewing your variable-rate debt now helps you plan ahead before the next potential hike.


