
Costly Medicine by Claudia Sahm 14 September
The Fed is likely to raise rates on Wednesday. Here’s what a hike can do, what it can’t, and why the explanation matters as much as the decision.
Home » Economic Review 14 September 2026

The Fed is likely to raise rates on Wednesday. Here’s what a hike can do, what it can’t, and why the explanation matters as much as the decision.

Economic data included the employment situation report showing stronger payroll growth than expected, as well as gains in job openings and ISM services, which offset a decline in ISM manufacturing.
Equities were flattish on the week in the U.S., coupled with mixed results in foreign markets. Bonds were down for the most part, as yields rose for a variety of reasons. Commodities gained, along with another spike in the price of crude oil.
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