Fed raises rates by 25 basis points as US technology shares rebound

Sep 16, 2026 02:11 (39d ago)

The Federal Reserve raised interest rates by 25 basis points, while FOMC projections pointed to further tightening this year.
The S&P 500 gained 0.4% and the Nasdaq 100 rose 1%, while the Ibovespa traded near 186,000.
Brazil's BCB was expected to cut the Selic by 25 basis points after market close, its fifth consecutive reduction.

The Federal Reserve raised interest rates by 25 basis points, as widely expected, with FOMC projections indicating that another increase, or one or two further hikes, could follow this year as inflation remains elevated and unemployment stays low. US stocks were mostly higher, led by technology shares, while Brazil's Ibovespa traded near 186,000 ahead of an expected 25-basis-point Selic cut. The S&P 500 rose 0.4% and the Nasdaq 100 gained 1%, while Petrobras and Brazilian mining shares declined as oil prices fell.