22 September 2026
The Fed Just Raised Rates Again: Here’s What It Means for Freight

On September 16, the Federal Open Market Committee (FOMC) raised the federal funds target range by 25 basis points to 3. 75%–4. 00%, its first hike after a run of cuts, citing inflation that Fed Chair Kevin Warsh called “too high and has been for too long. ” Effective September 17, the Fed also moved its full set of administered rates in lockstep, per its implementation note : interest on reserve balances (IORB) rose from 3. 65% to 3.
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