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 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.
Fed hikes rates as federal net interest tops $1 trillion | The Highland County Press
The Federal Reserve raised interest rates a quarter point Wednesday, its first increase in three years, a unanimous move that came despite President Donald Trump's demands for cuts, with officials signaling more increases could follow this year.
The U.S. Federal Reserve (Fed) unexpectedly raised its policy rate (base rate) for the first time in three years and two months. Domestic and international financial markets are paying attention to the fact that the Fed raised the base rate unanimously and signaled further increases within the year, evaluating this decision not as a one-off event but as the beginning of a shift toward monetary tightening. The U.S. Fed 1
KLBJ-AM - Austin, TX
Fed. Reserve hikes benchmark rate by quarter point in first increase since 2023
The Federal Reserve voted unanimously on Wednesday to increase its benchmark interest rate by 25 basis points, establishing a target range between 3.75 percent and 4.00 percent. The action marks the central bank’s first rate increase since The post Fed. Reserve hikes benchmark rate by quarter point in first increase since 2023 appeared first on KLBJ-AM - Austin, TX.
US Federal Reserve Raises Interest Rates for the First Time in Three Years
The US Federal Reserve has raised its benchmark interest rate for the first time since July 2023, citing persistent inflationary pressures amid elevated energy prices. The decision came as oil prices surged following the disruption of crude shipments through the Strait of Hormuz and attacks on Saudi Arabia’s oil infrastructure.
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