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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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Israel's New Gaza Strategy Sparks Global Concern

Israel has approved a plan to capture the entire Gaza Strip and maintain control over it for an unspecified period, according to Israeli officials. The decision, made in an early morning vote by Israeli cabinet ministers, marks a significant escalation in the ongoing conflict.

The plan aims to defeat Hamas and secure the release of hostages held in Gaza. However, it also involves the displacement of hundreds of thousands of Palestinians to southern Gaza, exacerbating an already dire humanitarian crisis. Since the collapse of a ceasefire in mid-March, Israel has intensified its military operations, capturing approximately 50% of Gaza and restricting humanitarian aid, including food, fuel, and water.

International opposition to the plan is expected to be fierce, with concerns over the long-term implications of Israel's extended presence in Gaza. The United Nations and humanitarian organizations have warned of severe shortages and worsening conditions for civilians. Meanwhile, Israel continues to engage with various countries regarding potential solutions, including controversial proposals for population relocation.

As the situation unfolds, global leaders and humanitarian groups are closely monitoring developments, urging diplomatic efforts to prevent further escalation and address the humanitarian crisis in Gaza.

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