{
  "id": 7853267,
  "title": "Fed raises rates by 25 basis points, signals one more hike this year",
  "url": "https://urgent.news/2026/09/16/fed-raises-rates-by-25-basis-points-signals-one-more-hike-this-year",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T18:09:17.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/banking/fed-raises-rates-by-25-basis-points-signals-one-more-hike-this-year-1.500677303"
  },
  "original_language": "en",
  "account": "The US Federal Reserve increased interest rates by 25 basis points on Wednesday, marking its first hike since 2023, as policymakers sought to combat inflation that remains significantly above the central bank's target. The Federal Open Market Committee unanimously raised the benchmark rate to a range of 3.75% to 4.00%, or approximately 3.9%. This rate increase could lead to higher borrowing costs for consumers and businesses, impacting mortgages, auto loans, and credit cards. Despite the higher costs, consumers are already grappling with increased prices for groceries, fuel, and housing.\n\nFederal officials also hinted that another rate hike could occur before the end of the year, with 12 of the 18 participating policymakers expecting at least one more increase in 2026, four anticipating two additional hikes. The central bank's projections show that the benchmark rate could reach around 4.1% if all expected increases materialize.\n\nInflation remained a major concern, with consumer prices rising 3.4% in August from a year earlier, still well above the Fed's 2% target. The Fed raised its year-end forecast for the preferred inflation measure, the Personal Consumption Expenditures price index, by 0.1 percentage point to 3.7%. Inflation has persisted due to factors such as higher energy costs, US tariff policies, and continued economic demand.\n\nThe Fed had maintained interest rates at unchanged levels since January, waiting to evaluate the impact of energy price shocks, tariffs, and economic demand on prices and the broader economy. The decision to raise rates signified a shift in policy, coming after a period of relative stability in borrowing costs throughout the year. While the latest projections indicate that Wednesday's move may not be the final increase of 2026, the median projection suggests one additional hike this year, potentially bringing the benchmark rate to 4.1%.",
  "summary": "Dubai: The US Federal Reserve raised interest rates by 25 basis points on Wednesday, delivering its first increase since 2023 as policymakers moved to tackle inflation that remains well above the central bank’s target. Get updated faster and for FREE: Download the Gulf News app now - simply click here. The Federal Open Market Committee voted unanimously to lift its benchmark rate to a range of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Fed raises rates by 25 basis points in first hike since July 2023",
        "url": "https://urgent.news/2026/09/16/fed-raises-rates-by-25-basis-points-in-first-hike-since-july-2023",
        "published": "2026-09-16T17:54:55.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Fed raises key interest rate by quarter point in 1st hike since July 2023",
        "url": "https://urgent.news/2026/09/16/fed-raises-key-interest-rate-by-quarter-point-in-1st-hike-since-july",
        "published": "2026-09-16T18:02:23.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Markets steady after Fed raises rates, points to another hike this year",
        "url": "https://urgent.news/2026/09/16/markets-steady-after-fed-raises-rates-points-to-another-hike-this-year",
        "published": "2026-09-16T18:18:35.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "US Fed raises interest rates: What does it mean for the UAE?",
        "url": "https://urgent.news/2026/09/16/us-fed-raises-interest-rates-what-does-it-mean-for-the-uae",
        "published": "2026-09-16T18:21:38.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "The Fed unanimously agrees to hike interest rates for the first time since 2023, despite Trump’s call for the ‘lowest rates’ in the world",
        "url": "https://urgent.news/2026/09/16/the-fed-unanimously-agrees-to-hike-interest-rates-for-the-first-time",
        "published": "2026-09-16T18:33:02.000Z"
      }
    ]
  },
  "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."
}