# Fed raises rates to 3.75%-4%; Bitcoin briefly rebounds after the decision

Canonical: https://chainminute.com/news/deed7e1d-b2e1-472f-ad71-4a27ba85e262
Published: 2026-09-17T02:38:11.560Z
Publisher: Chain Minute

The September rate increase was unanimous. Decrypt reported a brief Bitcoin rebound around an announcement traders had largely expected.

The Federal Reserve raised its policy-rate target by a quarter percentage point to 3.75%-4% on September 16. All 12 voting members supported the decision, according to the [FOMC statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm).

The committee described inflation as still elevated. It also reported resilient domestic spending, strong productivity and investment, and little change in unemployment. The statement linked the increase to returning inflation to the central bank's 2% objective.

## Bitcoin's first reaction

[Decrypt reported](https://decrypt.co/378417/fed-hikes-rates-first-time-since-2023-bitcoin) that Bitcoin briefly reached about $76,000 after the announcement. Its account also described rapid reversals, making that level an intraday observation rather than a closing price or a sustained rally.

The report put pre-decision odds of a hike at 93%, citing CME FedWatch. A widely anticipated policy move and a volatile immediate price response can coexist; the rebound alone does not establish that higher rates are favorable for Bitcoin.

For earlier fund-flow context, [Bitcoin and Ether ETFs moved in opposite directions during the previous reporting week](https://chainminute.com/news/034b8586-b8d3-4975-a056-ba50254e7ca0). That separate period should not be confused with flows following this Fed decision.

## Sources

- [Federal Reserve issues FOMC statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm) — Federal Reserve
- [Bitcoin ETFs lose $462.7 million as Ether funds attract $196.9 million](https://chainminute.com/news/034b8586-b8d3-4975-a056-ba50254e7ca0) — Chain Minute
- [Fed Hikes Rates for the First Time Since 2023, Bitcoin Spikes](https://decrypt.co/378417/fed-hikes-rates-first-time-since-2023-bitcoin) — Decrypt

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