Fed Raises Rates 25 Basis Points, Signals Another Hike This Year
New projections show 16 of 18 policymakers expect at least one more quarter-point increase this year as inflation stays elevated.
- On Wednesday, September 16, 2026, the Federal Reserve's Federal Open Market Committee unanimously voted to raise the federal funds target range 25 basis points to 3.75%–4.00%, marking the first rate increase since 2023.
- Policymakers cited persistent inflation driven by energy shocks from the Iran war, global tariffs, and AI capital spending, identifying broad-based price pressures that prompted the Fed's action.
- Updated projections showed 16 of 18 policymakers expect at least one additional quarter-point hike later this year, while officials do not anticipate inflation returning to the 2% target until 2029.
- Treasury yields surged, pushing the average 30-year fixed mortgage rate to 7.19%, complicating the economic landscape for households and businesses seeking credit.
- The unanimous decision puts Chairman Kevin Warsh on a "collision course" with President Donald Trump, who demanded lower rates; Warsh emphasized the Fed's mandate to address inflation regardless of political pressure.
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Federal Reserve raises interest rates for first time since 2023 - 41NBC News
(CNN)- The Federal Reserve raised interest rates Wednesday for the first time in more than three years as policymakers work to bring persistent inflation under control. The Federal Open Market Committee voted unanimously to increase its benchmark rate by a quarter percentage point to a target range of 3.75% to 4%. Federal Reserve Chairman Kevin Warsh, who was nominated by...
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This week — Independent institutions: 2, Trump: 0The US president took two big domestic losses this week. First, the Supreme Court ruled against his demand for restrictions on mail-in voting in the upcoming midterms. The stinger? All three Trump-appointed justices sided with the decision. “These are not the people I interviewed,” he griped on social media. Two days later, his hand-picked Fed Chairman Kevin Warsh oversaw the first US interest rat…
Warsh challenges Trump after three years of stability with an increase of 25 basis points. And there is a further intervention by the end of the year to counter inflation. The article The Fed increases the cost of money comes from The Truth.
Fed Raises Interest Rates; Trump Stumps for Whatley in NC | NTD Good Morning (Sept. 17)
Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington on Sept. 16, 2026. (Saul Loeb/AFP via Getty Images)
US President Trump wants lower interest rates. But the Federal Reserve has raised the key interest rate. What does the decision on the independence of Fed chief Warsh say? By Michelle Goddemeier.
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