Home / Markets End the Week Mixed After Fed Rate Hike
Major market indices ended the week mixed following the Federal Reserve’s 0.25% rate hike and comments indicating that additional increases may still be ahead.
Interest rates continued to attract attention throughout the week. On Tuesday, the 10-year Treasury yield moved above 5%, reaching its highest level since 2007.
On Wednesday, the Federal Reserve unanimously raised its benchmark interest rate by 0.25%, bringing the target range to 3.75%–4.00%. Of the 18 Fed members, 16 projected at least one additional rate increase this year.
In his comments, Chairman Warsh pointed to continued economic strength, geopolitical risks and persistent inflation as reasons for maintaining a restrictive policy. He also cited strong AI-related investment as one factor contributing to higher long-term interest rates. At the same time, he indicated that he does not currently expect continued efforts to bring inflation down to result in significantly higher unemployment, noting that employment remains consistent with a full-employment economy.
Against this backdrop, the major stock indices finished the week in different directions. The Nasdaq 100 posted the largest gain, while the Dow Jones Industrial Average recorded the largest decline.
Treasury Yields
• 30-year Treasury: 5.329% (lower)
• 10-year Treasury: 5.000% (higher)
Mortgage Rates
• Average 30-year fixed (Freddie Mac): 6.95% (higher)
Commodities & Currency
U.S. dollar index: 100.47 (higher)
Crude oil: $103.25 per barrel (higher)
Natural gas: $2.914 (higher)
Gold: $4,394.70 per ounce (lower)
Silver $66.975 per ounce (higher)
Federal Reserve Industrial Production – August
Unchanged – month, +1.4% year
Manufacturing -0.3% month, +0.9% year
Mining (Including oil and gas production +0.1% month, +0.3% year
Utilities +1.8% month, +6.2% year
Commerce Department
Advanced Retail Sales – August (Not adjusted for inflation)
+1.2% month, +6.0% year
New Residential Construction
Starts -2.6% month, -1.2% year
Permits -2.7% month, +3.5% year
Labor Department
Import and Export Price Indices – August
Import Prices +0.7% month, +7.0% year
Excluding fuel +0.8% month, +5.5% year
Export Prices +0.6% month, +8.6% year
Jobless Claims (prior week)
New Claims 196,000 (lower)
4-week Moving Average 203,250 (lower)
Total Claims 1,730,000 (lower)
Energy & Industry Data
Energy Information Administration
Weekly Oil Production 13.944 million barrels (lower)
Natural Gas Storage +44 billion Ft3, above average for this time of year over the past 5 years.
Baker Hughes Rig Count
Oil rigs: +2 at 452
Gas rigs: +2 at 134
(All data was released the week of 09/14/2026)
(All monthly statistics are seasonally adjusted unless stated otherwise).
If you have questions about the markets or your financial plan, we’re always here to help.
Loren Rex – Emeritus
Erik A Smith, AIF® – President & C.E.O.
Nicholas Acri, CFP® – Partner & Wealth Advisor
Dylan Thomas, CFP® – Partner & Wealth Advisor
Jack Zeeb – Wealth Advisor
These are the opinions of Loren Rex and Erik Smith and are not necessarily those of Cambridge, are for informational purposes only, and should not be construed or acted upon as individualized investment advice. The Indices mentioned are unmanaged and cannot be invested into directly. The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. The Nasdaq Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange (more than 2500 stocks).
Markets End the Week Mixed After Fed Rate Hike
Commentary
Home / Markets End the Week Mixed After Fed Rate Hike
Major market indices ended the week mixed following the Federal Reserve’s 0.25% rate hike and comments indicating that additional increases may still be ahead.
Interest rates continued to attract attention throughout the week. On Tuesday, the 10-year Treasury yield moved above 5%, reaching its highest level since 2007.
On Wednesday, the Federal Reserve unanimously raised its benchmark interest rate by 0.25%, bringing the target range to 3.75%–4.00%. Of the 18 Fed members, 16 projected at least one additional rate increase this year.
In his comments, Chairman Warsh pointed to continued economic strength, geopolitical risks and persistent inflation as reasons for maintaining a restrictive policy. He also cited strong AI-related investment as one factor contributing to higher long-term interest rates. At the same time, he indicated that he does not currently expect continued efforts to bring inflation down to result in significantly higher unemployment, noting that employment remains consistent with a full-employment economy.
Against this backdrop, the major stock indices finished the week in different directions. The Nasdaq 100 posted the largest gain, while the Dow Jones Industrial Average recorded the largest decline.
Treasury Yields
• 30-year Treasury: 5.329% (lower)
• 10-year Treasury: 5.000% (higher)
Mortgage Rates
• Average 30-year fixed (Freddie Mac): 6.95% (higher)
Commodities & Currency
Federal Reserve Industrial Production – August
Commerce Department
Advanced Retail Sales – August (Not adjusted for inflation)
New Residential Construction
Labor Department
Import and Export Price Indices – August
Jobless Claims (prior week)
Energy & Industry Data
Energy Information Administration
Baker Hughes Rig Count
(All data was released the week of 09/14/2026)
(All monthly statistics are seasonally adjusted unless stated otherwise).
If you have questions about the markets or your financial plan, we’re always here to help.
Loren Rex – Emeritus
Erik A Smith, AIF® – President & C.E.O.
Nicholas Acri, CFP® – Partner & Wealth Advisor
Dylan Thomas, CFP® – Partner & Wealth Advisor
Jack Zeeb – Wealth Advisor
These are the opinions of Loren Rex and Erik Smith and are not necessarily those of Cambridge, are for informational purposes only, and should not be construed or acted upon as individualized investment advice. The Indices mentioned are unmanaged and cannot be invested into directly. The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. The Nasdaq Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange (more than 2500 stocks).
Sources:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W
https://ir.eia.gov/ngs/ngs.html
https://www.freddiemac.com/pmms
https://www.wsj.com/market-data?mod=nav_top_subsection
https://bakerhughesrigcount.gcs-web.com/na-rig-count
https://www.census.gov/economic-indicators
Import/Export Price Indexes : U.S. Bureau of Labor Statistics
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