{
  "id": 7867114,
  "title": "Trump demands 1% or lower interest rate after first Fed hike since 2023",
  "url": "https://urgent.news/2026/09/16/trump-demands-1-or-lower-interest-rate-after-first-fed-hike-since-2023",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T20:49:25.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/09/16/trump-fed-interest-rate-warsh.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US Federal Reserve raised interest rates by 25 basis points, marking its first rate hike since 2023. According to CNBC, President Donald Trump demanded the Federal Reserve slash interest rates to 1% or less, hours after the central bank's announcement.\n\nThe rate hike aims to tackle high inflation, with Fed Chair Kevin Warsh emphasizing that the central bank's main focus is on inflation, stressing confidence is needed that core inflation will move toward 2%, as reported by Ajel English. The decision was unanimous, and 16 of 18 policymakers anticipate at least one more quarter-percentage-point hike by the end of this year, Investing.com reported.\n\nThe rate hike led to an increase in shorter-dated US Treasury yields, with the two-year Treasury yield reaching 4.738%, its highest level since July 2024, and the 10-year yield turning higher during the session, Investing.com said. Le Monde English noted that the move is likely to anger President Donald Trump, who has demanded lower rates.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Fed raises key interest rate by a quarter percentage point in 1st hike since July 2023",
        "url": "https://urgent.news/2026/09/16/urgent-fed-raises-key-interest-rate-by-a-quarter-percentage-point-in",
        "published": "2026-09-16T18:01:43.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Fed approves interest rate hike, signals one more to come this year",
        "url": "https://urgent.news/2026/09/16/fed-approves-interest-rate-hike-signals-one-more-to-come-this-year",
        "published": "2026-09-16T18:06:48.000Z"
      },
      {
        "outlet": "PBS NewsHour",
        "title": "What the Fed rate hike likely means for you",
        "url": "https://urgent.news/2026/09/16/what-the-fed-rate-hike-likely-means-for-you",
        "published": "2026-09-16T19:08:08.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "White House calls Fed rate hike 'regrettable', says move won't affect oil prices",
        "url": "https://urgent.news/2026/09/16/white-house-calls-fed-rate-hike-regrettable-says-move-wont-affect-oil",
        "published": "2026-09-16T19:44:45.000Z"
      },
      {
        "outlet": "Le Monde English",
        "title": "The White House calls the Fed's first interest rate raise since 2023 'unfortunate'",
        "url": "https://urgent.news/2026/09/16/the-white-house-calls-the-feds-first-interest-rate-raise-since-2023",
        "published": "2026-09-16T20:12:12.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Shorter-dated US Treasury yields surge in anticipation of another Fed rate hike",
        "url": "https://urgent.news/2026/09/16/shorter-dated-us-treasury-yields-surge-in-anticipation-of-another-fed",
        "published": "2026-09-16T20:16:21.000Z"
      },
      {
        "outlet": "This Is Money",
        "title": "Fed defies Trump with US rate hike: Central bank chief Kevin Warsh pulls trigger in first increase for three years",
        "url": "https://urgent.news/2026/09/16/fed-defies-trump-with-us-rate-hike-central-bank-chief-kevin-warsh",
        "published": "2026-09-16T20:45:57.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Trump calls for interest rates of 1% after Fed’s first hike since July 2023",
        "url": "https://urgent.news/2026/09/16/trump-calls-for-interest-rates-of-1-after-feds-first-hike-since-july",
        "published": "2026-09-16T21:11:29.000Z"
      }
    ]
  },
  "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."
}