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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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Historic Verdict: Donald Trump Found Guilty on All 34 Counts in Hush-Money Trial

 


Former President Donald Trump was found guilty on all 34 felony counts in his criminal hush money trial. This historic verdict marks the first time a former U.S. president has ever been tried or convicted in a criminal case. The charges stem from falsifying business records to cover up a $130,000 hush-money payment to adult film actor Stormy Daniels just 11 days before the 2016 election. The jury’s decision came after deliberations on the second day of the trial.

The sentencing for Trump is scheduled for July 11, which interestingly falls just four days before the Republican National Convention. The potential penalties he faces include a fine, probation, or up to four years in prison. Reactions to the verdict have been intense, with Trump’s potential running mates criticizing the decision and Democrats asserting that it demonstrates his unfitness to serve.

In the aftermath of the verdict, former Democratic nominee Hillary Clinton playfully referenced the news during an award presentation at the Kennedy Center in Washington, saying, “Anything going on today? Well, I have to tell you, there’s nowhere I’d rather be than right here”  Senate Majority Leader Chuck Schumer succinctly stated, “No one is above the law” in response to the verdict. Meanwhile, Trump’s legal team plans to appeal the decision, emphasizing concerns about the trial venue and timing.

This trial has significant implications, as it marks a pivotal moment in U.S. legal history and underscores the principle that no individual, regardless of their position, is immune to legal consequences.



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