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  3. Fed Rate Hike Raises Costs of Funding Global Commerce

PYMNTS

Fed Rate Hike Raises Costs of Funding Global Commerce

The Federal Reserve on Wednesday (Sept. 16) raised the target range for the federal funds rate by a quarter percentage point to 3.75% to 4%, saying inflation remains elevated. In its accompanying implementation decision, the Fed raised the interest rate paid on reserve balances to 3.90% from 3.65%, effective Thursday. For banks, the decision reaches […] The post Fed Rate Hike Raises Costs of Funding Global Commerce appeared first on PYMNTS.com.

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By PYMNTS

17 September 2026|1 min read
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Fed Rate Hike Raises Costs of Funding Global Commerce
Fed Rate Hike Raises Costs of Funding Global Commerce
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Industry Events

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Industry Events

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