DAILY BRIEF
Federal Reserve defies Donald Trump with first rate rise since 2023, 10s +3bp · Wed 16 Sep 2026
Treasuries (close 2026-09-15): 10s 5.0% (+3.0bp).
Tape (close 2026-09-15): VIX 17.2, 2s10s +33bp.
Narrative: Treasuries Hold Gains as Fed Hikes Rates, Signaling More Ahead
What mattered:
• Federal Reserve defies Donald Trump with first rate rise since 2023
• FOMC Hikes Funds Rate 25 BP For First Time In 3 Years To 3.75-4.0% Range
• Americas market news wrap: Fed hikes rates for the first time in three years
• Warsh’s Fed rolls out first interest-rate hike in 3 years — with one more increase expected
• Federal Reserve decision live: US central bank raises rates for first time since 2023