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5 Things to Know Today: Fed Decision Looms, TSX Slides, Gas Prices Climb (Sept 16)

  Wednesday, September 16, 2026 The Fed's biggest decision in years lands at 2 p.m. ET today, the TSX and loonie are both licking their wounds, and drivers are paying more at the pump despite the gas tax holiday. Here's what's moving your money this morning. 1. The Fed Decides on Rates Today — and a Hike Looks All but Certain The Federal Reserve announces its rate decision at 2 p.m. ET, with Chair Kevin Warsh's press conference to follow at 2:30 p.m. Markets have priced in over 90% odds of a 25-basis-point hike, which would lift the target range to 3.75%–4.00% from 3.50%–3.75%, where it's sat since December. It would be the first hike of this cycle, driven by inflation still running above target even as the labour market holds up. What it means for you: A Fed hike widens the gap with the Bank of Canada's 2.25% rate, which tends to pressure the loonie lower and nudge Canadian bond yields — and by extension fixed mortgage pricing — upward. Watch for the reaction ...
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Tech Stocks Rally After Inflation Data Shows Improvement

                                            

In a surprising turn of events, tech stocks led a market rally today following better-than-expected inflation data. Here are the key highlights:

  1. Inflation Eases Slightly: Despite persistent concerns about rising prices, the latest data indicates a slight easing of inflationary pressures.

  2. Consumer Price Index (CPI): The Consumer Price Index, a crucial measure of inflation, showed more favorable numbers than anticipated. This development has reinforced expectations that the Federal Reserve may soon cut interest rates.

  3. Tech Stocks Surge: Investors cheered the news, particularly in the tech sector. Companies like Apple, Microsoft, and NVIDIA (NVDA) saw significant gains.

  4. Market Outlook: With inflation under control, market sentiment has improved. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) both posted strong gains.

While uncertainties remain, today’s positive data offers hope for investors. Keep an eye on further economic reports this week as the market reacts to changing conditions.






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