In a unanimous 12-0 September vote, the Fed raised its target rate 25 basis points to 3.75%-4.00%. Chair Kevin Warsh repeated “removed a dose of accommodation” three times; The Motley Fool sees it as a hint of further hikes if inflation fails to cool fast enough.
Inflation remained persistently elevated, and the hike itself was widely expected; the surprise, the article says, was that all 12 FOMC voters backed it, only the second dissent-free decision in the last 10 meetings. It argues rising borrowing costs could slow the AI data-center buildout, which is partly financed by debt, although stocks mostly shrugged off the Sept. 16 hike.
