October 8, 2026

Budget, Credit Cards

Fed Minutes Show Most Officials Back Another Hike With Prime at 7.00%

The neoclassical marble facade of the Federal Reserve Board headquarters in Washington DC photographed in late afternoon autumn light, with bare tree branches in the foreground and deep shadows falling between the building's tall columns.

Minutes of the September FOMC meeting show a unanimous 12 to 0 vote to raise rates and most officials expecting one more increase before the end of 2026.

Laura Adams
October 8, 2026