The Federal Open Market Committee (FOMC) voted September 16, 2026, to raise the Fed Funds Target Rate by 25 basis points.
Here's What You Need to Know
The Federal Reserve raised interest rates by 25 basis points, signaling that policymakers believe the persistence of inflationary pressures warrants a modestly less accommodative monetary policy stance. The move reflects a growing recognition that, with the labor market remaining relatively balanced, the risk of allowing inflation to remain above target may now outweigh the risk of modestly tighter policy.
Now could be a great time to schedule a one-on-one session with a California CLASS representative to discuss your investments as you seek to enhance your interest earnings. Ask about our newest investment option, Term Series II, a pooled investment vehicle designed to deliver a fixed rate of return while prioritizing capital preservation, planned-date liquidity, and competitive yields.
How Much Could You Have Earned with California CLASS?
Check out our investment calculator to see how much you could have earned with California CLASS.
Prime 7-Day Yield*
3.75%
Enhanced Cash 7-Day Yield
3.86%
7-Day yield as of September 15, 2026.
*7-Day Average Rate: Refers to income generated over the previous seven-day period; the income is then annualized. For more information on historical yields and performance, please click here.
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