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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's Semiconductor Tariff Plans Leave Tech Industry on Edge


In a move that has sent ripples through the tech industry, former U.S. President Donald Trump announced plans to introduce tariffs on imported semiconductors. Speaking aboard Air Force One, Trump hinted at flexibility for certain companies but emphasized the need to bolster domestic production of chips and electronics. This announcement follows a series of tariff exemptions for consumer electronics, which had briefly raised hopes within the tech sector.

Commerce Secretary Howard Lutnick clarified that while some products like smartphones and laptops are temporarily exempt, they will likely face separate tariffs in the coming months. This back-and-forth has created significant uncertainty, with industry leaders expressing concerns over potential disruptions to global supply chains and increased costs for consumers.

The semiconductor tariffs are part of a broader strategy to reshape the electronics supply chain and encourage domestic manufacturing. However, the tech industry remains wary, as these measures could lead to retaliatory actions from trade partners and further volatility in the market. 

The coming weeks will reveal the full scope of these tariffs and their impact on the global tech landscape.

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