{
  "id": 7840073,
  "title": "Fed defies Trump, raises US interest rates for first time in three years",
  "url": "https://urgent.news/2026/09/16/fed-defies-trump-raises-us-interest-rates-for-first-time-in-three",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T18:20:04.000Z",
  "source": {
    "name": "The Sydney Morning Herald",
    "slug": "the-sydney-morning-herald",
    "url": "https://www.smh.com.au/world/north-america/us-federal-reserve-raises-interest-rates-for-first-time-in-three-years-20260917-p60y14.html?ref=rss"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US Federal Reserve has raised interest rates for the first time in three years, despite pressure from President Donald Trump to lower borrowing costs. The decision, which was widely expected, reflects persistently high inflation driven by rising oil prices. According to The Sydney Morning Herald and The Age, this was driven by tensions with Iran.\n\nThe rate increase, announced after a two-day meeting of the Federal Open Market Committee, took the federal funds target range from 3.50-3.75 percent to 3.75-4.00 percent. This move puts new Fed Chair Kevin Warsh at odds with President Trump's demands for lower rates, as reported by Newsweek.\n\nThe decision was unanimous, with officials signaling another rate hike to come, according to Quartz. Inflation remains above the Fed's 2 percent target, with higher energy prices adding to concerns about renewed price pressures, Newsweek said. The move could draw the ire of Donald Trump, weeks out from US midterm elections, the Financial Times noted.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Mortgage and refinance interest rates today, Wednesday, September 16, 2026: Rates ease somewhat ahead of the Fed's rate decision",
        "url": "https://urgent.news/2026/09/16/mortgage-and-refinance-interest-rates-today-wednesday-september-16",
        "published": "2026-09-16T10:00:00.000Z"
      },
      {
        "outlet": "NPR",
        "title": "Fed expected to raise interest rates. And, board votes to close Kennedy Center",
        "url": "https://urgent.news/2026/09/16/fed-expected-to-raise-interest-rates-and-board-votes-to-close-kennedy",
        "published": "2026-09-16T11:19:46.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Treasury yields are hovering at a 19-year high as the Fed prepares to raise rates",
        "url": "https://urgent.news/2026/09/16/treasury-yields-are-hovering-at-a-19-year-high-as-the-fed-prepares-to",
        "published": "2026-09-16T11:30:44.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Live updates: Fed to tackle interest rates as inflation fuels hike buzz; Trump to rally NC voters",
        "url": "https://urgent.news/2026/09/16/live-updates-fed-to-tackle-interest-rates-as-inflation-fuels-hike",
        "published": "2026-09-16T12:44:10.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "Fed seen hiking rates in defiance of Trump",
        "url": "https://urgent.news/2026/09/16/fed-seen-hiking-rates-in-defiance-of-trump",
        "published": "2026-09-16T13:51:50.000Z"
      },
      {
        "outlet": "Global News",
        "title": "U.S. Fed expected to hike interest rates despite pressure from Trump",
        "url": "https://urgent.news/2026/09/16/u-s-fed-expected-to-hike-interest-rates-despite-pressure-from-trump",
        "published": "2026-09-16T14:31:41.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Why the Fed might raise interest rates for first time since 2023",
        "url": "https://urgent.news/2026/09/16/why-the-fed-might-raise-interest-rates-for-first-time-since-2023",
        "published": "2026-09-16T15:02:46.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Traders expect Fed to raise interest rates for first time in 3 years",
        "url": "https://urgent.news/2026/09/16/traders-expect-fed-to-raise-interest-rates-for-first-time-in-3-years",
        "published": "2026-09-16T16:32:59.000Z"
      },
      {
        "outlet": "The Age",
        "title": "Fed defies Trump, raises US interest rates for first time in three years",
        "url": "https://urgent.news/2026/09/16/fed-defies-trump-raises-us-interest-rates-for-first-time-in-three-7840345",
        "published": "2026-09-16T18:20:04.000Z"
      }
    ]
  },
  "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."
}