Fed Raises Key Rate to 3.75%-4%

The Federal Reserve has increased its key rate by 0.25%, bringing it to 3.75%-4%—the first adjustment since July 2023. With inflation still sitting above the Fed’s 2% target, officials have indicated that another rate hike could be on the horizon later this year. The next opportunity for reassessment will be at the Fed’s meeting on October 27-28, 2026. As someone who has spent more than 25 years living and working in Westchester County, I keep a close eye on these economic shifts and how they might influence real estate decisions for my clients. Every change in rates shapes our market, and understanding these moves is a key part of making confident investment choices.