Fed Raises Rates 25 Basis Points, Signals Another Hike This Year
- On Wednesday, the Federal Reserve unanimously voted to raise interest rates to between 3.75 and 4.00 per cent, marking the first increase in three years.
- Persistent inflation driven by rising oil prices during the U.S.-Israeli conflict with Iran prompted the action, as officials aimed to support a "timelier return" to their 2 per cent target.
- Fed Chairman Kevin Warsh emphasized that "the plain fact is that inflation is too high and has been for too long," while the Dow Jones Industrial Average tumbled more than 850 points after the announcement.
- Following the announcement, the two-year Treasury yield jumped to 4.73% from 4.67% late Tuesday, while JPMorgan Chase fell 2%, one of the market's heaviest weights.
- Projections published Wednesday show at least 12 of 18 policymakers expect another rate hike before year-end, with the median forecast suggesting the federal funds rate will reach 4.1%.
592 Articles
592 Articles
Due to persistently high inflation, the Fed raised its benchmark interest rate to 3.75-4 percent, and most decision-makers believe another increase could come by the end of the year.
US Fed hikes rates for first time since 2023 as inflation stays sticky
The US Federal Reserve on Wednesday raised its interest rate by 25 basis points to 3.75-4%, its first hike since July 2023, to combat persistent inflation. The Federal Open Market Committee (FOMC) voted unanimously, 12-0, at a meeting held
Fed Raises Rates in First Major Step by Warsh to Contain Inflation (copy)
The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, the first increase in more than three years and a significant step by Kevin Warsh, the central bank’s chair, to combat elevated inflation.
Fed Raises Rates, but What Does That Really Mean for Homebuyers?
When the Federal Reserve changes interest rates, homebuyers and homeowners often assume mortgage rates will immediately move in the same direction. The relationship, however, is more complicated. On September 16, 2026, the Federal Reserve raised its target range for the federal funds rate by one-quarter percentage point to 3.75%–4.00%. The change becomes effective September 17....
The US Federal Reserve (FED) has unanimously decided to raise its key interest rate by 25 basis points, setting a new target range of 3.75% to 4.00%. This is the first increase in the cost of borrowing since July 2023. The decision of the Federal Open Market Committee (FOMC) comes in response to persistently high inflation in the country, fueled by geopolitical tensions and rising energy prices, Deutsche Welle reports. The move surprised part of…
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