Fed hikes interest rates for first time since 2023 in bid to tamp down inflation

The Fed is expected to raise interest rates for the first time in 3 years

The Fed is widely expected to raise its benchmark interest rate to combat stubborn inflation. That could make it more expensive to borrow money to buy a car or carry a balance on a credit card.

Sep 16, 2026

US interest rates raised for first time in three years

The Federal Reserve unanimously voted to increase interest rates to 3.75%-4% from 3.5%-3.75% on Wednesday.

Sep 16, 2026

Unanimous Federal Reserve Hikes Interest Rates for First Time in 3 Years

"Our decision comes at a time when the economy appears to be strengthening," Fed chairman Kevin Warsh said at a press conference on Wednesday. The post Unanimous Federal Reserve Hikes Interest Rates for First Time in 3 Years appeared first on Breitbart .

Sep 16, 2026

Fed hikes interest rates for first time since 2023 in bid to tamp down inflation

The Federal Reserve on Wednesday issued its first interest-rate hike in three years, an effort to tamp down inflation that's expected to raise borrowing costs for Americans just ahead of the midterm elections.

Sep 16, 2026