Markets Weigh Fed Hike, Housing Data Ahead
By Tom LoBianco | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: The Federal Reserve’s quarter-point rate increase drove markets Wednesday, with stocks falling after the central bank signaled additional rate increases could come this year. For consumers, higher interest rates can make it more expensive to carry a credit-card balance or borrow money, while people with savings may earn more interest.
The Dow fell 1.2%, the S&P 500 declined 0.4% and the Nasdaq was little changed. Treasury yields rose following the decision, with the 10-year yield reaching about 5%. Oil prices fell, with Brent crude settling at $105.83 a barrel as Saudi Arabia offered additional crude supplies through Oman.
Congress approved legislation Wednesday that would give President Trump authority to impose tariffs of up to 100% on major buyers of Russian energy, including India and China. The bill now goes to Trump for his signature; the tariffs would not take effect automatically.
Today’s Focus: U.S. stock futures pointed higher Thursday morning after Wednesday’s post-Fed decline. Investors are now weighing the prospect of additional rate increases after Fed projections showed most officials expect at least one more hike this year.
Weekly jobless claims and August housing starts and building permits are due at 8:30 a.m. ET. Pending home sales follow at 10 a.m. ET.
The Bank of Japan is scheduled to announce its interest-rate decision Friday.
ON THE SCHEDULE FOR THURSDAY, SEPTEMBER 17, 2026
-8:30 a.m. ET – Weekly jobless claims, August housing starts and building permits
-10 a.m. ET – August pending home sales
-1 p.m. ET – Treasury 10-year TIPS auction
-Friday, 9:30 a.m. ET – Fed Vice Chair for Supervision Michelle Bowman speaks
-Friday, 10 a.m. ET – Conference Board Leading Economic Index
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