CNBC Daily Open: The Fed rate hikes might not be one-and-done

A NYSE trader looks at a screen after the Federal Reserve raised interest rates on Wednesday, in New York City, U.S. September 16, 2026. Jeenah Moon | ReutersHello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.The U.S. Federal Reserve finally raised interest rates — for the first time in three years — but it may not be done. The move is the first in a string of major central bank decisions this week, with the Bank of England up next, and followed by the Bank of Japan on Friday. Elsewhere, Europe is looking at the possibility of Canada becoming its first "associate member," which, as you might expect, prompted a strong reaction from U.S. President Donald Trump. What you need to know todayThe Federal Reserve waited three years to raise interest rates, but it may not wait nearly as long to do so again.The rate hike puts the Fed Funds rate at 3.75% to 4%, and policy makers voted 12-0 in favor of the increase as Fed Chairman Kevin Warsh said that inflation "is too high and has been for too long."The decision prompted stock markets to sink and Treasury yields to rise, with all three major U.S. indexes ending their session lower and the be...