{
  "id": 7868470,
  "title": "(3rd LD) Fed raises key interest rate by quarter point in 1st hike since 2023",
  "url": "https://urgent.news/2026/09/16/3rd-ld-fed-raises-key-interest-rate-by-quarter-point-in-1st-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T20:56:17.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260917000353315"
  },
  "original_language": "en",
  "account": "The U.S. Federal Reserve announced on Wednesday a quarter-point increase in its benchmark interest rate, marking its first rate hike since July 2023. The decision, made unanimously during a two-day Federal Open Market Committee (FOMC) meeting, comes amid persistent inflation and high oil prices. Despite repeated calls from U.S. President Donald Trump for the central bank to lower borrowing costs, the Fed maintained its stance, signaling a potential further increase this year. The median projection from FOMC members now anticipates the federal funds rate reaching 4.1 percent by year-end, up from the June projection of 3.8 percent. Fed Chair Kevin Warsh did not provide his own dot plot projection. Rising consumer price inflation, excluding volatile food and energy costs, gained 0.3 percent in August, slightly above expectations. Fed Chair Warsh emphasized the central bank's commitment to price stability, stating that inflation has been \"too high\" and \"for too long.\"",
  "summary": "WASHINGTON, Sept. 16 (Yonhap) -- The U.S. Federal Reserve on Wednesday raised it...",
  "key_points": [
    "Federal Reserve raises key interest rate by 0.25% in first hike since July 2023",
    "Decision made unanimously during FOMC meeting to combat persistent inflation",
    "Fed projects federal funds rate to reach 4.1% by year-end"
  ],
  "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."
}