Fed raised its key rate 0.25% to 3.75%-4%, its first hike since July 2023.

Officials signaled another hike may come this year, as inflation remains above the Fed’s 2% target.

The next Fed meeting is October 27-28, 2026, when officials will reassess inflation and economic conditions.

For expert insights on the Gilbert real estate market, connect with Robin Stone, Realtor, REALTOR® at Realty One Group.