government
Fed hikes interest rates by quarter point
Summary by Inflation News Editorial Desk Julia Shapero , as published by The Hill Business
· September 16, 2026
· 1 min read
Photo: The Hill Business · view original
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 central bank's benchmark interest rate to a range of 3...
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Summary created by Inflation News Editorial Desk — automated, rule-governed Byline on source page Julia Shapero, as published by The Hill Business Original story Read at the source Source published Sep 16, 2026 Indexed here Sep 17, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3. The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. More government Today’s briefing
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What is this story about? 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 central bank's benchmark interest rate to a range of 3...
When was this published? This article was first published on September 16, 2026 by The Hill Business and curated for Inflation News readers.
Who reported this story? This story was reported by Julia Shapero at The Hill Business. To learn more about how Inflation News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more government coverage from Inflation News, or browse our daily briefing and topic hubs .
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