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5 Things to Know Today: Fed Decision Looms, TSX Slides, Gas Prices Climb (Sept 16)

  Wednesday, September 16, 2026 The Fed's biggest decision in years lands at 2 p.m. ET today, the TSX and loonie are both licking their wounds, and drivers are paying more at the pump despite the gas tax holiday. Here's what's moving your money this morning. 1. The Fed Decides on Rates Today — and a Hike Looks All but Certain The Federal Reserve announces its rate decision at 2 p.m. ET, with Chair Kevin Warsh's press conference to follow at 2:30 p.m. Markets have priced in over 90% odds of a 25-basis-point hike, which would lift the target range to 3.75%–4.00% from 3.50%–3.75%, where it's sat since December. It would be the first hike of this cycle, driven by inflation still running above target even as the labour market holds up. What it means for you: A Fed hike widens the gap with the Bank of Canada's 2.25% rate, which tends to pressure the loonie lower and nudge Canadian bond yields — and by extension fixed mortgage pricing — upward. Watch for the reaction ...
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Trump Declares 'Golden Age' for America in Inaugural Address

 

In a historic return to the White House, President Donald Trump declared the beginning of a "Golden Age" for the United States during his inaugural address on January 20, 2025. Speaking from the Capitol Rotunda, Trump outlined an ambitious agenda aimed at reversing what he described as the "horrible betrayal" of the previous administration.

Trump's speech was marked by a series of bold promises, including a commitment to end inflation, restore law and order, and reclaim American dominance on the global stage. He also announced the dismissal of several senior officials appointed by his predecessor, Joe Biden, and hinted at further removals to come.

The president's address was a mix of optimism and critique, as he painted a picture of a nation in decline but poised for a resurgence under his leadership. "From this moment on, America’s decline is over," Trump declared, emphasizing his intent to put America first and restore the country's prosperity and respect worldwide.

Trump's return to the presidency has been met with both support and controversy, as he continues to polarize the political landscape. However, his supporters remain hopeful that his promises will lead to a new era of national success.



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