The Fed hikes six days after the ECB, weighing on the Euro

The Fed hikes six days after the ECB, weighing on the Euro

Source: EODHD - https://www.fxstreet.com/news/the-federal-reserve-hikes-to-4-six-days-after-the-ecb-202609161808
Published: Sep 16, 2026 2:49 PM

The European Central Bank (ECB) moved first. Six days ago it raised its deposit rate, the return banks earn on money parked with it, by a quarter-point to 2.50%. The Fed matched that size on Wednesday and went to 3.75-4.00%, its first increase since 2023.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.