The US Federal Reserve raised its policy rate by 0.25% to 3.75-4.00% on 17 September 2026 (Thai time), its first hike in three years. Its dot plot points to one more hike, likely around December, and possibly another in early 2027. A weaker baht and high oil prices would raise import costs and domestic fuel prices. Exporters in textiles, electronic parts and processed food may gain competitiveness, and inbound tourism and medical services may benefit. Review fuel and imported input costs, and watch for government support measures such as the Thai Chuay Thai Plus programme.