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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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Nine-Month Odyssey: NASA Astronauts Return to Earth

NASA astronauts Butch Wilmore and Suni Williams, along with two other crew members, have safely returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Originally planned as an eight-day test mission, their stay was prolonged due to technical issues with the Boeing Starliner spacecraft.

The astronauts made their journey back aboard SpaceX's Crew Dragon capsule, which undocked from the ISS early Tuesday morning. After a 17-hour trip, the capsule re-entered Earth's atmosphere and splashed down off the coast of Florida under clear skies. The descent was slowed by two sets of parachutes, ensuring a smooth landing.

This mission highlighted NASA's contingency planning and the resilience of its astronauts. Wilmore and Williams, both veteran astronauts and retired U.S. Navy test pilots, faced months of uncertainty before their return. Their homecoming marks the end of a challenging yet historic chapter in space exploration.

The crew will now undergo health checks at NASA's Johnson Space Center in Houston before reuniting with their families. Their extended mission underscores the unpredictable nature of space travel and the importance of adaptability in overcoming challenges.

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