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Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut

The move comes as Americans are already struggling with high costs for groceries, gas, and housing. Affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.

Coverage (2)+4 copies· Sep 16, 6:22 PM to Sep 16, 9:02 PM

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federal reserve rate hike →

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The Federal Reserve just raised interest rates for the first time since 2023. Here's how mortgage rates may respond.The Fed just raised rates by a quarter point. Here's how that rate shift could now impact mortgage rates.

CBS News19d agoWhole story →

Economy federal reserve rate hike

Federal Reserve is expected to raise its benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high

Breitbart News Network20d agoWhole story →

Economy Donald Trump federal reserve rate hike

What it means for your moneyThe Federal Reserve is widely expected to raise its benchmark interest rate by a quarter percentage point at its September meeting.

CNBC21d agoWhole story →

Economy federal reserve rate hike

The Fed is preparing to raise rates. What if it doesn’t work?The Federal Reserve has spent years holding off on higher interest rates, wary of doing unnecessary damage to the US economy. Now, as it prepares to raise rates this week, officials are facing a new question: Will they need multiple rate hikes to bring inflation down?

Cable News Network22d agoWhole story →

Economy federal reserve rate hike

Federal Reserve Rate Hike Close To A Lock; Clarity Act Vote Looms: Week AheadA Federal Reserve rate hike is likely while the crypto Clarity Act will get a Senate vote. Salesforce holds its Dreamforce conference.

Investor's Business Daily24d agoWhole story →

Economy federal reserve rate hike

Since

What are the financial benefits of higher interest rates? Experts explainThe Federal Reserve recently raised interest rates for the first time since 2023.

KABC-TV12d agoWhole story →

Economy federal reserve rate hike

Fed’s Paulson says modest further rate increases may be neededFederal Reserve Bank of Philadelphia President Anna Paulson said additional interest rate increases may be needed to ensure inflation returns to the central bank’s 2% goal.

Spokane Spokesman-Review11d agoWhole story →

Economy federal reserve rate hike

Fact Check Team: What higher interest rates mean for mortgages, borrowers and saversMortgage rates are back above 7%, adding to the financial pressure facing prospective homebuyers as the Federal Reserve raises its benchmark interest rate.

WJLA11d agoWhole story →

Economy federal reserve rate hike

Dollar set for weekly gains as yields surge, Fed bets buildThe dollar was set for its first back-to-back weekly gains in more than three months on Friday, as surging Treasury yields and mounting bets on further Federal ‌Reserve rate hikes kept the greenback near multi-month peaks.

Reuters11d agoWhole story →

Economy federal reserve rate hike

Federal Reserve rate hike reflects new world of sticky inflation and faster growthPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than

Breitbart News Network10d agoWhole story →

Build Donald Trump federal reserve rate hike

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America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

WDIV ClickOnDetroit16d agoCoverage (2)Whole story →

Economy federal reserve rate hike

Did the Fed raise its interest rate?Federal Reserve voted to increase its benchmark federal funds rate. How will Fed rate hike impact mortgages? What is benchmark interest rate?

Salt Lake City Deseret News19d agoWhole story →

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Federal Reserve is expected to raise its benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high

Breitbart News Network20d agoWhole story →

Economy Donald Trump federal reserve rate hike

How the Fed rate hike impacts mortgages, car loans, credit card debtThe Federal Reserve just raised its benchmark interest rate. Here are some ways that could impact your wallet.

NBC10 Boston18d agoWhole story →

Economy fed rate hike

Fed rate hike hits credit cards and car loans as mortgage costs climbThe Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

Los Angeles Times19d agoWhole story →

Economy fed rate hike

The Fed raises interest rates by a quarter-point : NPRThe Federal Reserve raised its benchmark interest rate Wednesday to combat stubborn inflation. That will make it more expensive to borrow money to buy a car or carry a balance on a credit card.

NPR20d agoWhole story →

Economy fed rate hike

Federal Reserve rate hike reflects new world of sticky inflation and faster growthPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than

Breitbart News Network10d agoCoverage (2)Whole story →

Build Donald Trump federal reserve rate hike

Trump demands 1% or lower interest rate after first Fed hike since 2023President Donald Trump demanded the Federal Reserve slash interest rates to 1% "or less," hours after the central bank announced its first rate hike since 2023.

CNBC19d agoWhole story →

Economy fed rate hike decision