{
  "id": 7855299,
  "title": "ASX set to slump, Wall Street falls as Warsh speaks after Fed raises rates",
  "url": "https://urgent.news/2026/09/16/asx-set-to-slump-wall-street-falls-as-warsh-speaks-after-fed-raises",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T19:44:07.000Z",
  "source": {
    "name": "The Sydney Morning Herald",
    "slug": "the-sydney-morning-herald",
    "url": "https://www.smh.com.au/business/markets/asx-set-to-slide-wall-street-steady-as-fed-raises-rates-signals-one-more-hike-this-year-20260917-p60y1c.html?ref=rss"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US stock market initially gained but later pared those gains after the Federal Reserve raised interest rates for the first time in three years to combat high inflation. According to The Economic Times, Fed Chair Kevin Warsh stated that the US economy is strengthening, with improved new hirings, private sector earnings, and business capital investment.\n\nThe Federal Reserve increased the interest rate range by 0.25% to 3.75%-4%, as reported by multiple sources including The Economic Times and Quartz. The Fed's decision was unanimous, and they indicated that more tightening is likely in the near future to reduce inflation.\n\nWall Street experienced a whipsaw effect following the Fed's announcement, with investors awaiting Warsh's press conference comments for further details on the central bank's rationale and future plans, as noted by The Korea Times.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Fed raises rates: What it means for your credit cards, mortgages, savings accounts and auto loans",
        "url": "https://urgent.news/2026/09/16/fed-raises-rates-what-it-means-for-your-credit-cards-mortgages",
        "published": "2026-09-16T19:17:38.000Z"
      },
      {
        "outlet": "The Age",
        "title": "ASX set to slump, Wall Street falls as Warsh speaks after Fed raises rates",
        "url": "https://urgent.news/2026/09/16/asx-set-to-slump-wall-street-falls-as-warsh-speaks-after-fed-raises-7855642",
        "published": "2026-09-16T19:44:07.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "The Japanese Yen gives back more of its rally as the Fed raises rates",
        "url": "https://urgent.news/2026/09/16/the-japanese-yen-gives-back-more-of-its-rally-as-the-fed-raises-rates",
        "published": "2026-09-16T21:18:26.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Gold and silver turn lower after Fed raises rates as expected",
        "url": "https://urgent.news/2026/09/16/gold-and-silver-turn-lower-after-fed-raises-rates-as-expected",
        "published": "2026-09-16T21:45:19.000Z"
      }
    ]
  },
  "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."
}