{
  "id": 7750147,
  "title": "Federal Reserve expected to raise interest rates for the first time since 2023",
  "url": "https://urgent.news/2026/09/16/federal-reserve-expected-to-raise-interest-rates-for-the-first-time",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T09:08:55.000Z",
  "source": {
    "name": "ABC News (US)",
    "slug": "abc-news-us",
    "url": "https://abcnews.com/Business/federal-reserve-expected-raise-interest-rates-time-2023/story?id=136457761"
  },
  "original_language": "en",
  "account": "The Federal Reserve is set to raise interest rates for the first time since 2023, according to financial markets. This decision comes just under two months before the midterm elections and as the United States grapples with high inflation caused by the Iran war. Gasoline prices have surpassed $4.30 per gallon, with global oil prices hovering near a four-month high.\n\nThe U.S. economy has experienced strain recently, including a bond selloff that increases borrowing costs for credit cards and mortgages. Central bankers have been divided on how to address the inflation issue without weakening the labor market. While the Fed maintained steady interest rates at its last meeting in July, three out of the 12 members voted for a rate hike, the highest number of dissenters in a decade.\n\nFinancial markets anticipate a quarter-point increase in interest rates, marking the central bank's first hike since 2023. This move is expected to help cool off persistently high price increases, a primary focus for Federal Reserve Chair Kevin Warsh. Inflation remains higher than the Fed's target rate of 2%, at 3.4% in August, compared to the previous year. Despite the inflation concerns, the economy shows signs of resilience, with employers adding 162,000 workers in August and overall growth persisting since June.",
  "summary": "The consequential move arrives less than two months before the midterm elections.",
  "key_points": [
    "Federal Reserve to raise rates first since 2023",
    "Inflation at 3.4% in August, higher than 2% target",
    "Markets forecast 0.25% rate increase to combat inflation"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Federal Reserve interest rate hikes usually pound stocks, but then something surprising happens",
        "url": "https://urgent.news/2026/09/16/federal-reserve-interest-rate-hikes-usually-pound-stocks-but-then",
        "published": "2026-09-16T10:04:49.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Why is the US Dollar firm when the Federal Reserve hike is already fully priced in?",
        "url": "https://urgent.news/2026/09/16/why-is-the-us-dollar-firm-when-the-federal-reserve-hike-is-already",
        "published": "2026-09-16T10:33:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}