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CNBC Daily Open: The Fed rate hikes might not be one-and-done

The Federal Reserve waited three years to raise interest rates, but it may not wait nearly as long to do so again.

Coverage (1)· Sep 17, 1:21 AM

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The Fed might raise interest rates Wednesday. How could it hit Gainesville?The Federal Reserve is expected to raise interest rates on Wednesday for the first time since July 2023, reversing a series of cuts made in 2024 and 2025. The Fed, which is the U.S. central bank, conducts monetary policy by setting the interest rate banks charge each other to borrow money overnight. Any changes ripple outward, and it impacts Gainesville…