Trump blasts Fed over interest rates
The Federal Reserve raised interest rates by 0.25 percentage points on Wednesday, the first hike since 2023. President Trump slammed the central bank, saying U.S. interest rates should be "1% or less." Weijia Jiang reports.
The United States Federal Reserve recently increased interest rates by 25 basis points to a range of 3.75% to 4%, with the South African Reserve Bank (Sarb) expected to keep its repo rate unchanged next week. The South African economy, according to economists, is unlikely to feel the impact of the US Fed's decision in the near future.
Economists predict that the Central Bank will maintain current rates due to lower inflation expectations, both household and trade union. Inflation for August is expected to be released on Wednesday, 23 September 2026, with July's rate declining to 4.3% from 5.0% in June. The Bureau of Economic Research's survey also indicated declining inflation expectations, suggesting a potential easing of prices for goods and services.
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- CNA Explains: Why is the Fed raising interest rates again - and what does it mean for Asia? channelnewsasia.com
- Why the Bank of England Didn’t Follow the Fed in Raising Interest Rates wsj.com
- US Fed increases interest rates: Will SA households feel the pain next week? citizen.co.za
- Mortgage rates fell slightly after the Fed hiked rates: Mortgage and refinance interest rates today, Thursday, September 17, 2026 finance.yahoo.com
