{
  "id": 7851812,
  "title": "Wall Street gyrates after Fed hikes interest rate to battle inflation",
  "url": "https://urgent.news/2026/09/16/wall-street-gyrates-after-fed-hikes-interest-rate-to-battle-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T19:27:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260917/wall-street-gyrates-after-fed-hikes-interest-rate-to-battle-inflation"
  },
  "original_language": "en",
  "account": "New York - The U.S. Federal Reserve raised its key interest rate on Wednesday for the first time in over three years, aiming to combat persistent high inflation fueled by soaring crude oil prices amid the U.S.-Israeli conflict with Iran. The Fed's decision, described as unanimous in its accompanying statement, signaled more tightening measures may be on the horizon to hasten a decline in inflation. According to Ryan Detrick, chief market strategist at Carson Group in Omaha, the hawkish remarks from Fed Chair Kevin Warsh in Jackson Hole earlier prompted a strategic corner for him. Despite the surprise of unanimous sentiment, Detrick emphasized the Fed's seriousness in addressing the widening inflation concerns. Investors were expected to closely analyze Warsh's comments during the ongoing press conference to glean insights into the central bank's reasoning behind the decision and potential implications.",
  "summary": "NEW YORK — Wall Street whipsawed on Wednesday after the U.S. Federal Reserve raised its key interest rate for the first time in over three years to fight stubbornly high inflation stemming from soaring crude oil prices during the U.S.-Israeli war on Iran. In its accompanying statement, the Fed said its decision was unanimous and more tightening is likely in the near future to effect a timelier…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 12,
    "also_reported_by": [
      {
        "outlet": "Gulf Times Business",
        "title": "Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation",
        "url": "https://urgent.news/2026/09/16/fed-hikes-rates-sees-more-tightening-in-search-of-timelier-drop-in",
        "published": "2026-09-16T18:31:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation",
        "url": "https://urgent.news/2026/09/16/fed-hikes-rates-sees-more-tightening-in-search-of-timelier-drop-in-7846681",
        "published": "2026-09-16T18:32:30.000Z"
      },
      {
        "outlet": "Hacker News",
        "title": "Fed hikes rates as inflation worries push up bond yields",
        "url": "https://urgent.news/2026/09/16/fed-hikes-rates-as-inflation-worries-push-up-bond-yields",
        "published": "2026-09-16T18:55:21.000Z"
      },
      {
        "outlet": "ABC News AU",
        "title": "US Fed hikes interests rates to curb inflation in move likely to rile Trump",
        "url": "https://urgent.news/2026/09/16/us-fed-hikes-interests-rates-to-curb-inflation-in-move-likely-to-rile",
        "published": "2026-09-16T19:15:28.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Wall Street gyrates after Fed hikes interest rate to battle inflation",
        "url": "https://urgent.news/2026/09/16/wall-street-gyrates-after-fed-hikes-interest-rate-to-battle-inflation-7854118",
        "published": "2026-09-16T19:37:02.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation",
        "url": "https://urgent.news/2026/09/16/jeff-gundlach-says-the-fed-should-have-hiked-rates-by-more-to-fight",
        "published": "2026-09-16T19:38:41.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Fed raises rates, signals another hike as inflation persists",
        "url": "https://urgent.news/2026/09/16/fed-raises-rates-signals-another-hike-as-inflation-persists",
        "published": "2026-09-16T20:13:17.000Z"
      },
      {
        "outlet": "Asia Times",
        "title": "Fed, battling persistent inflation, ups rates 1st time in 3 years",
        "url": "https://urgent.news/2026/09/16/fed-battling-persistent-inflation-ups-rates-1st-time-in-3-years",
        "published": "2026-09-16T20:17:21.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Trump calls for interest rates of 1% or lower, after Fed hikes to 3.75%-4.00%",
        "url": "https://urgent.news/2026/09/16/trump-calls-for-interest-rates-of-1-or-lower-after-fed-hikes-to-3-75",
        "published": "2026-09-16T21:07:21.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street ends lower after Fed hikes interest rates, sees more tightening ahead",
        "url": "https://urgent.news/2026/09/16/wall-street-ends-lower-after-fed-hikes-interest-rates-sees-more",
        "published": "2026-09-16T21:11:22.000Z"
      },
      {
        "outlet": "Toronto Sun",
        "title": "U.S. interest rates hiked after Trump urged lower borrowing costs",
        "url": "https://urgent.news/2026/09/16/u-s-interest-rates-hiked-after-trump-urged-lower-borrowing-costs",
        "published": "2026-09-16T21:19:06.000Z"
      }
    ]
  },
  "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."
}