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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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Security Breach: Journalist Accidentally Added to U.S. War Plan Chat

In a startling security lapse, Jeffrey Goldberg, editor-in-chief of *The Atlantic*, was mistakenly included in a Signal group chat discussing classified U.S. military operations. The chat, reportedly created by National Security Advisor Mike Waltz, involved high-ranking officials, including Vice President JD Vance and Secretary of Defense Pete Hegseth. The group was coordinating airstrikes against Houthi targets in Yemen.

Goldberg initially doubted the authenticity of the messages but realized their legitimacy when the strikes occurred as described in the chat. This incident has raised serious concerns about the handling of sensitive information on unsecured platforms. The White House has acknowledged the breach and is reviewing the situation.

This unprecedented mistake highlights the risks of using non-secure communication tools for national security matters, sparking debates about operational security and accountability.

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