The Fed Just Hiked. The Refinancing Pain Is Just Starting

September 16, 2026 — The Federal Reserve raised rates again today. But Zach Abraham and Chase Taylor argue the bigger story may be the borrowing costs businesses still haven’t had to refinance into yet. They examine the coming refinancing cycle, why loans written in the cheap-money era may reset at dramatically higher rates, and where that pressure could begin showing up in construction, housing, small businesses and corporate credit. Zach and Chase also break down the Fed’s new economic projections, the outlook for additional rate hikes, why the historical small-cap playbook may be changing, and the latest developments in global oil flows.FREE LIVE WEBINAR — THE GAME PLANJoin Zach Abraham live October 1 at 3:30 PM Pacific for The Game Plan — a free webinar on the market risks shaping the rest of 2026, including inflation, energy, interest rates, AI spending, and what investors should be watching next. Register free at KnowYourRiskPodcast.comSchedule your complimentary Know Your Risk Portfolio Review at KnowYourRiskRadio.com