The Federal Reserve raised its policy interest rate by 25 basis points for the first time in three years, moving amid rising US Treasury yields and elevated oil prices.
Treasury yields pass milestone
The rate increase pushed the US 10-year Treasury yield above 5 percent. During the week, the benchmark yield reached levels not seen since July 2007.
By our market data, the US 10-year Treasury yield stood at 4.94 percent at the close of 17 September 2026, while the federal funds rate was 3.88 percent.
Crude holds above century mark
Oil prices remained above the $100 mark across the week as geopolitical tensions mounted. Investor sentiment was also affected by escalating conflict between Iran and the United States.
Brent crude oil closed at $103.87 per barrel at the end of the week. WTI crude oil finished at $100.30 per barrel.
Equity markets dropped on Wednesday following the central bank’s policy decision. Shares rebounded on Thursday, led by technology shares.
Related: Fed lifts rate by 25 basis points as path shifts · Federal Reserve Sets Target Interest Rate at 4
Source: Federal Reserve | Data: FRED — St. Louis Fed · U.S. Department of the Treasury
