By how much did the US Federal Reserve raise the Federal Funds Rate on September 16, 2026?

On September 16, 2026, the US Federal Reserve's FOMC raised the Federal Funds Rate by 25 basis points to a range of 3.75%–4.00%, aiming to bring inflation closer to the long-term target of 2%. The Fed's rate hike could impact foreign capital inflows, the rupee's exchange rate, and financial markets in India, although the RBI determines its monetary policy independently based on domestic economic conditions.