diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index d221c508ab0..e8ad83734de 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.8.8
+current_version = 1.8.9
 parse = (?P<major>[\d]+) # major version number
 	\.(?P<minor>[\d]+) # minor version number
 	\.(?P<patch>[\d]+) # patch version number
diff --git a/.changes/1.8.9.md b/.changes/1.8.9.md
new file mode 100644
index 00000000000..fe8b5fb5a29
--- /dev/null
+++ b/.changes/1.8.9.md
@@ -0,0 +1,5 @@
+## dbt-core 1.8.9 - November 21, 2024
+
+### Under the Hood
+
+- Pin dbt-common and dbt-adapters with upper bound of 2.0. ([#11024](https://github.com/dbt-labs/dbt-core/issues/11024))
diff --git a/.changes/unreleased/Under the Hood-20241121-105350.yaml b/.changes/unreleased/Under the Hood-20241121-105350.yaml
deleted file mode 100644
index cc1827a27bf..00000000000
--- a/.changes/unreleased/Under the Hood-20241121-105350.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Pin dbt-common and dbt-adapters with upper bound of 2.0.
-time: 2024-11-21T10:53:50.051757-06:00
-custom:
-  Author: emmyoop
-  Issue: "11024"
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9c5c29fdead..b75c5183325 100755
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,14 @@
 - "Breaking changes" listed under a version may require action from end users or external maintainers when upgrading to that version.
 - Do not edit this file directly. This file is auto-generated using [changie](https://github.com/miniscruff/changie). For details on how to document a change, see [the contributing guide](https://github.com/dbt-labs/dbt-core/blob/main/CONTRIBUTING.md#adding-changelog-entry)
 
+## dbt-core 1.8.9 - November 21, 2024
+
+### Under the Hood
+
+- Pin dbt-common and dbt-adapters with upper bound of 2.0. ([#11024](https://github.com/dbt-labs/dbt-core/issues/11024))
+
+
+
 ## dbt-core 1.8.8 - October 23, 2024
 
 ### Fixes
@@ -22,7 +30,6 @@
 ### Contributors
 - [@katsugeneration](https://github.com/katsugeneration) ([#10754](https://github.com/dbt-labs/dbt-core/issues/10754))
 
-
 ## dbt-core 1.8.7 - September 24, 2024
 
 ### Features
diff --git a/core/dbt/version.py b/core/dbt/version.py
index d5a1be82f20..998f888522a 100644
--- a/core/dbt/version.py
+++ b/core/dbt/version.py
@@ -229,5 +229,5 @@ def _get_adapter_plugin_names() -> Iterator[str]:
             yield plugin_name
 
 
-__version__ = "1.8.8"
+__version__ = "1.8.9"
 installed = get_installed_version()
diff --git a/core/setup.py b/core/setup.py
index e95b685894a..e7fd7dd8479 100644
--- a/core/setup.py
+++ b/core/setup.py
@@ -25,7 +25,7 @@
 
 
 package_name = "dbt-core"
-package_version = "1.8.8"
+package_version = "1.8.9"
 description = """With dbt, data analysts and engineers can build analytics \
 the way engineers build applications."""