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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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Trump Issues Ultimatum to Hamas Over Gaza Hostages

In a dramatic escalation of rhetoric, former President Donald Trump has issued a stark warning to Hamas, demanding the immediate release of hostages held in Gaza. Trump took to his Truth Social platform to deliver the ultimatum, stating, "Release all of the Hostages now, not later, and immediately return all of the dead bodies of the people you murdered, or it is OVER for you".

The warning comes amid unprecedented direct talks between U.S. officials and Hamas, a significant departure from the longstanding U.S. policy of avoiding direct engagement with the group, which is designated as a terrorist organization by Washington. The discussions, led by U.S. hostage affairs envoy Adam Boehler, aim to secure the release of American hostages still held in Gaza.

Trump's message also included a broader threat to the people of Gaza, stating, "A beautiful Future awaits, but not if you hold Hostages. If you do, you are DEAD!". This ultimatum follows a recent ceasefire agreement and the release of some hostages, but tensions remain high as the situation continues to evolve.

The former president's aggressive stance has drawn mixed reactions, with some praising his firm approach while others express concern over the potential for further escalation. As the world watches closely, the outcome of these negotiations remains uncertain.



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