Fed raises interest rates by quarter point to tackle inflation

Fed Raises Interest Rates

Also, Saudi Arabia is scrambling to restore its oil supply. Here’s the latest at the end of Wednesday.

Sep 16, 2026

Fed raises interest rates by quarter point to tackle inflation

The Federal Reserve raised interest rates by a quarter a percentage point on Wednesday to try to tame inflation, raising the borrowing cost on a variety of business and consumer loans.

Sep 16, 2026

US Fed raises interest rates as inflation weighs on economy

The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the US.

Sep 16, 2026

Fed hikes interest rates by quarter-point

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank’s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the federal funds rate to a range of 3.75 percent to 4 percent. It marks the first time the…

Sep 16, 2026

Fed raises interest rates in defiance of Trump

The Federal Reserve voted Wednesday to raise its interest rate target, the first time the central bank has raised rates under new Chairman Kevin Warsh and a move that risks drawing the ire of President Donald Trump. After a two-day meeting in Washington, the Fed’s monetary policy committee announced it would raise its rate target […]

Sep 16, 2026