{
  "id": 7838711,
  "title": "US Federal Reserve hikes interest rate to 3.75-4% range; first time since 2023",
  "url": "https://urgent.news/2026/09/16/us-federal-reserve-hikes-interest-rate-to-3-75-4-range-first-time",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T18:02:03.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/international-business/us-federal-reserve-chair-kevin-warsh-led-fomc-hikes-interest-rate-to-3-75-4-range-first-time-since-2023/articleshow/134292267.cms"
  },
  "original_language": "en",
  "account": "On Wednesday, the Federal Open Market Committee (FOMC) led by US Federal Reserve Chair Kevin Warsh increased the key interest rate to a target range of 3.75%-4%. This marks the first interest rate hike since 2023. In a statement, the FOMC explained that the rate increase was done to support the Federal Reserve's dual mandate of maximum employment and stable prices. While economic activity is expanding, domestic spending remains resilient, productivity growth is strong, and job gains have kept pace with the workforce. The unemployment rate has remained steady at 4.1%. Despite inflation staying elevated, the Federal Reserve is optimistic about a return to its 2% inflation goal and will continue to deliver price stability. The Fed expects to raise interest rates once more this year, with the possibility of rates moving lower again in 2028.",
  "summary": "The US Federal Reserve's hike decision comes on the back of persistent inflation and a broader increase in global borrowing costs. Inflation has remained stubbornly elevated, while borrowing costs around the world have moved higher.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times - World News",
        "title": "US Federal Reserve meeting today: When and where to watch Kevin Warsh's Speech? Here's what to expect",
        "url": "https://urgent.news/2026/09/16/us-federal-reserve-meeting-today-when-and-where-to-watch-kevin-warshs",
        "published": "2026-09-16T16:25:28.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "US Federal Reserve raises interest rates for first time in three years as inflation risks mount",
        "url": "https://urgent.news/2026/09/16/us-federal-reserve-raises-interest-rates-for-first-time-in-three",
        "published": "2026-09-16T18:01:23.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Federal Reserve hikes rate to 3.75%-4.00%, the first increase in three years",
        "url": "https://urgent.news/2026/09/16/federal-reserve-hikes-rate-to-3-75-4-00-the-first-increase-in-three",
        "published": "2026-09-16T18:01:40.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "US Federal Reserve raises interest rates by 25 basis points, first hike since 2023",
        "url": "https://urgent.news/2026/09/16/us-federal-reserve-raises-interest-rates-by-25-basis-points-first",
        "published": "2026-09-16T18:02:32.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "The Federal Reserve just raised interest rates for the first time since 2023. Here's how mortgage rates may respond.",
        "url": "https://urgent.news/2026/09/16/the-federal-reserve-just-raised-interest-rates-for-the-first-time",
        "published": "2026-09-16T18:02:51.000Z"
      },
      {
        "outlet": "The Guardian US",
        "title": "US Federal Reserve votes to hike rates for the first time since 2023",
        "url": "https://urgent.news/2026/09/16/us-federal-reserve-votes-to-hike-rates-for-the-first-time-since-2023",
        "published": "2026-09-16T18:09:18.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "US Federal Reserve raises interest rates for first time in 3 years, risking Trump’s ire",
        "url": "https://urgent.news/2026/09/16/us-federal-reserve-raises-interest-rates-for-first-time-in-3-years",
        "published": "2026-09-16T18:15:10.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "US Federal Reserve raises interest rate by 25 bps to 3.75-4% range",
        "url": "https://urgent.news/2026/09/16/us-federal-reserve-raises-interest-rate-by-25-bps-to-3-75-4-range",
        "published": "2026-09-16T18:18:29.000Z"
      }
    ]
  },
  "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."
}