Daily Brief
Higher for longer
The Fed raises rates, American shoppers keep spending, and Intel explores a memory-chip partnership. Plus: a setback for US crypto legislation and the central-bank decisions to watch next.
Good morning.
The Fed has raised interest rates—and its forecasts suggest that borrowing costs could stay elevated for longer. Meanwhile, American consumers are still spending, Intel is exploring a new partnership, and a setback in Washington has unsettled crypto markets.
Here’s what matters this morning.
Figures from the supplied edition, covering the session of Wednesday, 16 September 2026.
The Federal Reserve raised its policy rate by a quarter of a percentage point to a range of 3.75–4.00%, its first increase since July 2023.
The decision was unanimous. The explanation was familiar: economic activity remains solid, while inflation is taking too long to return to the central bank’s 2% target.
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