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Weekly Market Snapshot: Fed Hikes, Oil Above $100 and the TSX Finally Snaps Its Losing Streak (Sept. 15–19, 2026)

  September 19, 2026 It was the week everyone was waiting for. The Federal Reserve raised interest rates for the first time in three years — and almost immediately, markets started debating whether there's more to come. Meanwhile, oil pulled back from the week's highs but stayed well above $100 a barrel, and the TSX managed its first weekly gain after four straight weeks in the red. Here's everything that moved markets — and what it means for your wallet. 🍁 Canada — TSX Index Friday Close Week Change S&P/TSX Composite 35,806.65 +0.3% After four straight weeks in negative territory, the TSX finally caught a break — though "break" is generous. The index eked out a 0.3% weekly gain while closing Friday down 69.58 points (-0.2%), as rising bond yields and lingering energy-sector pressures kept the mood cautious on Bay Street. Financials were mixed: RBC edged slightly lower, TD rose 0.6%, but Fairfax Financial slid 2.6%. Gold miners pulled back after rallying shar...
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Trump Criticizes Federal Reserve Chair Powell Over Tariff Remarks

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President Donald Trump has publicly expressed dissatisfaction with Federal Reserve Chair Jerome Powell, hinting at his removal following Powell's comments on the economic impact of tariffs. Powell, in a recent speech, highlighted the potential for increased inflation and slowed economic growth due to the tariffs, which he described as larger than anticipated.

Trump, in a social media post, criticized Powell for not lowering interest rates aggressively, comparing the Federal Reserve's approach unfavorably to the European Central Bank. He stated that Powell's "termination cannot come fast enough," despite legal protections that prevent the president from firing the Federal Reserve Chair without cause.

Powell, who was initially appointed by Trump in 2018 and reappointed in 2022, has emphasized the Federal Reserve's independence and commitment to making decisions based on economic analysis rather than political pressure. This clash underscores ongoing tensions between the administration and the central bank over monetary policy and economic strategy.

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