The Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4.00%, its first increase since July 2023 after three quarter-point cuts last fall. Officials' latest projections indicate a median expectation for one additional quarter-point increase by the end of 2026, no change in 2027, and quarter-point cuts in 2028 and 2029. The outlook supports the prospect of sustained elevated returns for savers, with leading high-yield savings accounts paying as much as 4.40% APY, top money-market accounts offering 4.00%, and CDs reaching 5.00%. Separately, the New York Fed scheduled about $15.6 billion of Treasury bill reinvestments through October 14; the operations replace principal payments under existing policy and are not new quantitative easing, despite drawing attention from crypto traders.