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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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Sudan's Famine Crisis Worsens Amid Ongoing Conflict

 

War-hit Sudan is sliding deeper into a famine crisis, with worsening starvation and a surge in acute malnutrition, according to an independent group of food security experts. The Integrated Food Security Phase Classification (IPC) has identified famine in five areas, including the Zamzam camp in North Darfur, where about half a million people are taking refuge. The crisis has been exacerbated by a 20-month civil war between the military and the paramilitary Rapid Support Forces (RSF), which has led to one of the world's worst humanitarian crises.

The IPC report highlights that 24.6 million people, about half of Sudan's population, urgently need food aid. The conflict has severely disrupted farming activities, resulting in farmers abandoning their crops and widespread looting. The situation is particularly dire in Darfur and South Kordofan, where violence has led to scores of civilian casualties and displacement.

The Sudanese government has suspended its cooperation with the IPC, accusing it of issuing unreliable reports. However, the IPC warns that without an end to the conflict, the situation could worsen, with famine potentially spreading to additional areas.

The international community continues to call for urgent humanitarian aid and a peaceful resolution to the conflict to prevent further suffering and loss of life.




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