PANDORA’S BOX
EVERYTHING GOT OUT. THE HOPE IS AT THE BOTTOM.
THE ONE-WAY DOOR
Three Years Without A Hike Ended Yesterday At Two
The vote was 12 to 0 for a quarter point, taking the range to 3.75 and 4 percent. Sixteen of eighteen officials see another one.
The pause is over. The committee voted 12 to 0 yesterday afternoon to raise by a quarter point. The target range is now 3.75 to 4 percent.
It is the first increase since July of 2023. Warsh said inflation is still too high and promised a timelier return to 2 percent.
THE STAKES
SEALED
16
OF EIGHTEEN OFFICIALS PENCILLED IN ANOTHER HIKE
Two of them expect the committee to stop at one. Four of the rest see two more.
A quarter point sounds small until it is the floor under every quote written from this morning forward.
FROM OUTSIDE THE BOX
 
In 1971, America Changed Money Forever
On a Sunday evening in August 1971, President Nixon interrupted television programming with an announcement that would permanently reshape the financial system.
Most Americans didn't realize it at the time.
But after the U.S. officially moved away from the gold standard, inflation accelerated, the dollar changed, and gold entered one of the biggest rallies in modern history.
Today, many investors believe we may be approaching another important financial turning point.
That's why this new FREE guide is getting attention.
Inside, you'll discover:
 
What actually happened the night Nixon ended the gold standard
 
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The "wealth transfer" theory many Americans are now watching closely
Whether you already invest in gold or are simply curious about what may come next, this report offers a deeper look into one of the most talked-about financial topics today.
Image
 
Reagan Gold Group does not provide financial, legal, or tax advice. This information is for educational purposes only and should not be considered investment advice. All investments carry risk, including loss of principal. Past performance is not indicative of future results. Consult your licensed financial advisor before making investment decisions.
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The projections can be redrawn in October. The vote taken yesterday is in the minutes.
Which is the whole difference between a forecast and a rate.
EVERY LEAD PASSES BEFORE IT RUNS
The One-Way-Door Test
01
Can it be undone?
October and December can move the rate again. Nothing moves the loan that repriced this morning.
SEALED
02
Who is already repositioning?
Treasury yields were climbing for weeks before the vote. The two year, which tracks rate expectations most closely, moved further than the ten.
PRICED IN
03
What does being late cost?
Two meetings are left this year, in October and December. Most of the committee expects at least one of them to move.
DATED
FROM OUTSIDE THE BOX
 
An Executive Order Most Savers Have Never Read
Executive Order 14028 reshaped how the federal government approaches cybersecurity across the institutions that hold your money. Priority Gold's free 2026 Wealth Preservation Guide explains what that means for account visibility, why it makes some savers uneasy, and how IRS-approved physical gold sits outside the digital rails.
 
Priority Gold endeavors to provide the most accurate useful information and helpful advice to the audience at its best. But there is no 100% guarantees of completeness, accuracy, usefulness or timeliness in or about the content. Any advice offered by Priority Gold are just our opinions and not to be relied on by anyone or any purpose. Seek your own legal, financial, tax, investment, and advice before opening an account with Priority Gold. All decisions regarding the purchase or sale of precious metals are solely at your decision only.
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THE MOVE · WHILE THERE IS STILL TIME
Pull the rate sheet on anything you are due to sign this month.
A quote given on Tuesday and a quote given today sit on different floors. Ask for the new number in writing before anything gets signed, because verbal quotes age badly this week.
ALSO GOT LOOSE TODAY
 
The new projections pencil in no increases for later years, with one cut indicated for 2028.
MONEY
 
Warsh called the decision good news for Americans who own no financial assets and no home equity.
WORK
 
He also said the Fed cannot single handedly stop price shocks on items like oil.
RESOURCES
SOURCES · FOMC STATEMENT AND SUMMARY OF ECONOMIC PROJECTIONS, SEPT 16 · WARSH PRESS CONFERENCE, SEPT 16 · CNBC AND FOX BUSINESS COVERAGE, SEPT 16
WHAT’S LEFT AT THE BOTTOM
The rate is theirs. What you sign this week is still yours.
WE WATCH THE BOX.