Federal Reserve raises interest rates by a quarter point for the first time in three years.
The Federal Reserve's FOMC voted unanimously on September 16, 2026 to raise the benchmark federal-funds rate by 25 basis points to a range of 3.75%-4.00%, the first hike since 2023. The decision was driven by persistent inflation, elevated by the US-Iran war's impact on energy prices and AI-driven capital spending. Fed Chair Kevin Warsh, who took office in May, indicated the hike supports a return to the 2% inflation target, with 16 of 18 policymakers projecting at least one more hike by year-end.
- CBS Newsfirst
- Reuters+11.9 h
- NPR+14.8 h
- ABC News+14.9 h
- Globe and Mail+15.1 h
- NY Post+23.8 h
- Breitbart+23.8 h
- Al Jazeera+23.8 h
- Washington Times+24.0 h
- South China Morning Post+24.0 h
- Wall Street Journal+24.1 h
- Deutsche Welle+24.1 h
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Broad agreement on what happened
Outlets across the spectrum land in roughly the same place: the shared language is highlighted.
“Fed expected to hike interest rates for first time since 2023. See what it means for your money. - CBS News”CBS CBS News LEFT-CENTER
“Unanimous Federal Reserve Hikes Interest Rates for First Time in 3 Years”B Breitbart RIGHT
“US Federal Reserve hikes rates, sees more tightening in search of 'timelier' drop in inflation” · Jerusalem Post, Al Jazeera, Deutsche Welle, South China Morning Post, Bloomberg, The Hill, Le Monde, Reuters, Globe and Mail, BBC, Foreign Policy