Federal Reserve Raises Interest Rates for First Time Since 2023

In September 2026, the US Federal Reserve raised interest rates for the first time in three years, increasing them by a quarter point. The decision was unanimous and aimed at tackling inflation, which has reignited price concerns. The move was led by Warsh, who defied President Trump's calls for a rate cut.

The Fed indicated that further tightening may be ahead. President Trump had publicly called for a cut, but the central bank proceeded with the hike to contain inflation.