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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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UK Police Prepare for More Far-Right Unrest After Another Night of Riots

 

 Police across the United Kingdom are gearing up for further violence this weekend following another night of rioting by far-right protesters. The latest unrest saw three officers hospitalized after a tense stand-off outside a mosque in northeast England.

The city of Sunderland has been particularly affected, with far-right demonstrators rampaging through the streets, setting cars and buildings on fire. The protests were sparked by misinformation surrounding a mass stabbing that resulted in the deaths of three young girls. False rumors about the attacker’s identity, linking him to the Muslim and immigrant communities, have fueled the anger of far-right supporters.

In response, police have increased their presence and are preparing for more than 20 protests expected over the weekend in cities including Belfast, Cardiff, Liverpool, and Manchester. Authorities are also deploying surveillance and facial recognition technology to manage the situation.

The Muslim Council of Britain has expressed concerns about the safety of Islamic places of worship, prompting many mosques to strengthen their security measures. Counter-protests are also anticipated, with organizations like Stand Up To Racism rallying against Islamophobia and the far-right.

Prime Minister Keir Starmer has announced the formation of a national policing unit to crack down on violent protesters, emphasizing that those involved in the disorder will face severe consequences.

As tensions remain high, the UK braces for a challenging weekend ahead.


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