The Federal Reserve hiked its key interest rate by 0.75% for the third time in a row as it races to get ahead of the galloping inflation that is sapping the earnings of American consumers.

Reuters

United Kingdom

Fed delivers another big rate hike; Powell vows to 'keep at it'

The Federal Reserve has announced that interest rates will be raised by 75 basis points. Since inflation rose along with the demand for more employment opportunities in August, this plan has taken its course. It will hurt many homes and businesses.

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Times of India

India

Federal Reserve hikes interest rates by 75 basis points to tackle economic inflation in US. Will it help?

Federal Reserve Chair Jerome Powell vowed that he and his fellow policymakers would keep at their battle to beat down inflation, as the central bank hiked interest rates by three-quarters of a percentage point for a third straight time and signaled that borrowing costs would keep rising this year.

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WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession. 

Associated Press News

Independent Media

United States

Fed attacks inflation with another big hike and expects more

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

Hindustan Times

HT Media

New Delhi

Delhi

The Fed lifted its key interest rate 0.75 percentage point for a third straight meeting to curb inflation. But the move raises the risk of recession.

USA Today

Gannett

Fed hikes interest rate 0.75 percentage point to tame inflation, and sees aggressive increases ahead. What's it mean for you?

All eyes are on the U.S. Federal Reserve on Wednesday to see not only how high interest rates go, but for a hint of where they could go next.

Global News

Corus Entertainment

Toronto

Ontario

Canada

Stocks whipsaw as U.S. Fed signals more rate hikes to come - National

WASHINGTON, Sept. 21 (Xinhua) -- The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. Read full story

The Star Kuala Lumpur

Star Media Group

Malaysia

Urgent: U.S. Fed enacts third straight three-quarter-point rate hike amid persistent inflation

The Federal Reserve made history on Wednesday, approving a third consecutive three-quarter-point hike in an aggressive move to tackle the white-hot inflation that has been plaguing the US economy.

Warner Bros. Discovery

Atlanta

Fulton County

Georgia

Fed goes big again with third-straight three-quarter-point rate hike

Intensifying its fight against high inflation, the Federal Reserve has raised its key interest rae by a substantial three-quarters of a point for a third straight time and signalled more large rate hikes to come — an aggressive pace...

NZ Herald

New Zealand Media and Entertainment

Auckland

New Zealand

US Fed attacks inflation with another big hike and expects more

The Federal Reserve raised a key interest rate again Wednesday by three-quarters of a percentage point, risking job losses and a deeper economic slowdown as the central bank tries to reduce inflation that is running near historic highs.

Washington Times

The Washington Times LLC

Fed announces another big hike in key interest rate as inflation remains high

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The Fed raised its key interest rate by a substantial three-quarters of a point for a third straight time. The move boosted its benchmark short-term rate to a range of 3% to 3.25%. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan.

US interest rates see third 0.75 percentage point rise to tackle inflation

US interest rates see third 0.75 percentage point rise to tackle inflation

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