{
  "id": 7855356,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T19:15:28.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-09-17/us-fed-raises-interests-rates-to-curb-inflation-trump/107162150"
  },
  "original_language": "en",
  "account": "The Federal Reserve has increased interest rates by 25 basis points in an effort to combat high inflation, a decision that is likely to draw criticism from President Donald Trump. The Federal Open Market Committee unanimously voted to raise interest rates to a range of 3.75 to 4.00 percent, citing persistently high inflation and the need to bring inflation back to the central bank's 2 percent target. The Federal Reserve's Summary of Economic Projections indicated that a majority of policymakers anticipate at least one additional rate hike before year's end, with some even expecting two more. The last rate hike occurred in 2023, when the central bank was still grappling with post-pandemic inflation. This move comes as the US economy has been grappling with years of inflation above the target set by the Federal Reserve. President Trump, who has long called for lower rates, has threatened to take action against the central bank if it does not act.",
  "summary": "The US economy has been dealing with years of higher-than-target inflation, and prices have surged in the wake of Mr Trump's war on Iran, his signature tariff policies and the ongoing AI boom.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "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": "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",
        "published": "2026-09-16T19:27:03.000Z"
      },
      {
        "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."
}