Fed hikes interest rates for first time in three years in unanimous decision
Wall Street was overwhelmingly expecting the Federal Reserve to raise interest rates for the first time in more than three years.
Wednesday, September 16, 2026
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Wall Street was overwhelmingly expecting the Federal Reserve to raise interest rates for the first time in more than three years.
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank’s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the federal funds rate to a range of 3.75 percent to 4 percent. It marks the first time the…
The 25bps hike is the first raise in three years and comes ahead of critical midterm elections in the US.
International Business News: US Federal Reserve Chair Kevin Warsh-led Federal Open Market Committee (FOMC) on Wednesday hiked the key interest rate to 3.75%-4% target range. This .
US News: A new GAO report reveals that the Trump administration allocated $9.5 billion to pay federal employees on administrative leave in 2025, predominantly through a deferred resignation program, raising concerns about the efficiency of workforce reductions.
Here's how the Fed's rate decision could impact savings products, various types of loans, and credit cards.
Having a career year, Brandon Lowe is honored to be nominated for an award named after a Pirates legend.
Thomas Matthew Crooks' father searched for ways to block his son's gun access months before the Butler, Pennsylvania, assassination attempt on Trump.
The shot marks 14 years since Curiosity landed on the Martian surface in 2012. NASA created it by merging two black-and-white panoramas from Curiosity’s navigation cameras then added color “for an artistic interpretation of the scene, with blue representing the morning panorama and yellow representing the afternoon one.” [Image: https://platform.theverge.com/wp-content/uploads/sites/2/2026/09/nasa-mars-curiosity-5000-days-on-mars-panorama.jpg?quality=90&strip=all]
Jerry Jones wants to win a Super Bowl before he dies, but Terrell Owens doesn’t believe the Dallas Cowboys can win as long as he remains owner and president....
Rest of World News: UN secretary general Antonio Guterres has warned that the rapid advance of artificial intelligence cannot be allowed to outpace safeguards, calling fo.
Presented by SourceAmerica — Plus: 🗳️Trump campaigns with Whatley in North Carolina {beacon} It’s Wednesday, or Hump Day since the Geico camel commercials have returned 🐪 (“Uh oh…Guess what day it is?”). In today’s issue: Federal Reserve expected to raise rates Senate Republicans plan spending cuts Trump to campaign with Whatley Kash Patel strikes back…
Arsenal remain interested in a move for Nico Paz after failing to convince him to join them from Como in the summer, and the Gunners are expected to make ano...
US News: A US federal judge has barred the Department of Homeland Security (DHS) and Immigration and Customs Enforcement (ICE) from issuing another warning not.
The Trump administration said more releases would be secured soon amid improved US-Belarus relations.
Trump administration falling for misinformation from ‘fringe groups’ alleging discrimination against white Afrikaners.