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5 Things to Know Today — Fed Hikes, BoE Warns, and the TSX Is Bouncing Back

  The Fed's first rate hike since 2023 rocked markets Wednesday. Here's what it means for your wallet on Friday, September 18. Friday, September 18, 2026  |  moneysavings.ca 1 The Fed Hiked — First Time Since 2023 The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%–4.00% on Wednesday — the first hike since June 2023. Chair Kevin Warsh cited persistent inflation tied to elevated oil prices and a still-resilient economy, saying recent inflation readings hadn't improved enough to justify holding. The decision was unanimous. The updated dot plot signals one more potential hike by year-end, then a pause through 2027. Markets initially sold off, but U.S. futures are rebounding this morning as investors reframe the move as a sign the Fed is serious about getting inflation under control. 💡 What It Means for You A higher U.S. federal funds rate puts upward pressure on Canadian bond yields and mortgage rates. The BoC is already...
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Generational Shift: Understanding the New Age Boundaries for Millennials, Gen Z, and Gen Alpha

 

In a world where generational identities play a significant role in shaping societal dynamics, the Pew Research Center has updated the birth year classifications for Millennials, Gen Z, and Gen Alpha, marking a pivotal shift in how we understand these cohorts.

  • Millennial Milestone: Previously defined as those born between 1981 and 1996, Millennials are now recognized as individuals who have experienced key historical events like 9/11 and the 2008 recession during formative years.

  • Gen Z Grows Up: With birth years set from 1997 to 2012, Gen Z has emerged as a powerful economic and cultural force, influencing fashion trends, political movements, and popular memes.

  • Alpha’s Arrival: The newest generation, Gen Alpha, includes those born from 2010 to 2025. This cohort is growing up in a tech-saturated environment, earning them the moniker ‘Generation Glass’ due to their seamless integration with technology.

  • Economic and Social Impact: These revised guidelines not only reflect changes in technology and global events but also signal shifts in consumer behavior, market trends, and social movements that will shape the future landscape.

As we navigate through these changes, it’s essential to understand the characteristics and experiences that define each generation, allowing for better communication, marketing strategies, and societal cohesion. The redefined age boundaries serve as a guide to understanding the evolving generational narrative and its implications for years to come.

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