FED HIKES RATES TO 3.75%-4.00%
The vote was 12-0, the first increase since July 2023.
Statement language was pared back versus July, with the Middle East and energy references removed from the growth and inflation sentences.
The September dot plot put the 2026 median at 4.1%, versus 3.8% in June, with 18 participants submitting projections.
Warsh's 2:30 PM ET press conference is the next read across rates, equities, and the dollar.