CNBC reports the Federal Reserve delivered its first interest rate hike in three years, with market attention also turning to moves in Starbucks and GE Vernova.
Key facts
- The Federal Reserve delivered its first interest rate hike in three years, according to CNBC.
- Starbucks and GE Vernova were highlighted among stocks on the move.
- The report appeared in CNBC's Investing Club coverage.
- CNBC publishes an afternoon update called the Homestretch every weekday.
- The item was published on September 16, 2026.
The Federal Reserve has raised interest rates for the first time in three years, according to CNBC. The move marks a notable shift after a prolonged period without an increase, and it drew significant attention from investors.
Alongside the central bank’s decision, CNBC pointed to Starbucks and GE Vernova as among the stocks moving in the session. The outlet flagged both companies in the context of market activity tied to the day’s developments.
CNBC’s coverage came via its Investing Club, which the outlet describes as offering actionable market analysis for readers and members. The publication did not detail, in the material provided, the size of the rate increase or the specific drivers behind the individual stock moves.
According to CNBC, the Investing Club releases an afternoon update known as the Homestretch every weekday. The briefing is described as arriving just in time for the last hour of trading, when investors position ahead of the market close.
The report was published on September 16, 2026. Beyond the headline developments, further specifics were not included in the source material available.
Why it matters
A Federal Reserve rate hike affects borrowing costs across the economy, from mortgages and credit cards to business loans, and can influence how markets value companies. The first increase in three years signals a potential shift in monetary policy that investors and consumers alike watch closely.
Frequently asked questions
When did the Federal Reserve raise rates?
According to CNBC, the report on the Fed's first rate hike in three years was published on September 16, 2026.
Which stocks were highlighted in the report?
CNBC highlighted Starbucks and GE Vernova as among the stocks moving in the session.
What is CNBC's Homestretch?
CNBC describes the Homestretch as an actionable afternoon update from its Investing Club, released every weekday just in time for the last hour of trading.