The U.S. Federal Reserve unanimously approved a 0.25% rate hike to 3.75–4.00%, with the Dot Plot indicating consensus for at least one more increase this year. While inflation remains sticky—particularly summer PCE at 3.7%—the Fed signals data-dependent decisions rather than a pre-set hiking cycle. For Thai SMEs with USD exposure or international financing, this hints at sustained higher U.S. borrowing costs and potential currency headwinds through year-end.