{
  "id": 7890107,
  "title": "US stocks fall, dollar gains after Fed lifts interest rates",
  "url": "https://urgent.news/2026/09/16/us-stocks-fall-dollar-gains-after-fed-lifts-interest-rates-7890107",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T22:06:53.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/17/us-stocks-fall-dollar-gains-after-fed-lifts-interest-rates"
  },
  "original_language": "en",
  "account": "On Wednesday, Wall Street stocks fell while the dollar advanced following the Federal Reserve's decision to raise interest rates for the first time since 2023. The broad-based S&P 500 index declined by 0.5%. The Fed's higher interest rates were expected, but markets deemed the central bank's overall message as more hawkish than anticipated. This was due to the majority of Fed policymakers indicating at least one more rate hike before the end of 2026. The US central bank raised rates to between 3.75% and 4.00%, citing elevated inflation and stating that the rate hike would support a timely return to its 2% target for the metric. Fed Chair Kevin Warsh emphasized that the decision was serious but necessary, given that inflation had been too high for too long. However, Warsh's move may spark criticism from President Donald Trump, who has been critical of former Fed chair Jerome Powell and has launched an unprecedented assault on the Fed's independence. Following the Fed's announcement, White House spokesperson Kush Desai expressed disappointment, stating that Trump had been clear about his desire for lower interest rates. The Fed's decision will be followed by the Bank of England, which is expected to keep its benchmark rate unchanged due to weak UK economic growth and high inflation. The Bank of Japan is also expected to raise rates on Friday due to rising inflation and the need to maintain support for the yen. Investors are also monitoring a planned summit between President Trump and Chinese leader Xi Jinping, hoping for some tariff reductions.",
  "summary": "Markets viewed the Fed’s message as more hawkish than expected after most policymakers projected another hike in 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "The Hill",
        "title": "Fed hikes rates for first time in over 3 years",
        "url": "https://urgent.news/2026/09/16/fed-hikes-rates-for-first-time-in-over-3-years",
        "published": "2026-09-16T20:53:10.000Z"
      },
      {
        "outlet": "PBS NewsHour",
        "title": "U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way",
        "url": "https://urgent.news/2026/09/16/u-s-stocks-slip-after-the-fed-raises-interest-rates-hints-more-hikes",
        "published": "2026-09-16T21:32:36.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "US Fed hikes rates amid stubborn inflation; signals further increases in coming months",
        "url": "https://urgent.news/2026/09/16/us-fed-hikes-rates-amid-stubborn-inflation-signals-further-increases",
        "published": "2026-09-16T21:46:43.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "Fed raises rates in search of ‘timelier’ drop in inflation, sees more tightening ahead",
        "url": "https://urgent.news/2026/09/16/fed-raises-rates-in-search-of-timelier-drop-in-inflation-sees-more",
        "published": "2026-09-16T22:06:00.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "US stocks fall, dollar gains after Fed lifts interest rates",
        "url": "https://urgent.news/2026/09/16/us-stocks-fall-dollar-gains-after-fed-lifts-interest-rates",
        "published": "2026-09-16T22:06:53.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US stocks fall after Fed hikes key interest rate",
        "url": "https://urgent.news/2026/09/16/us-stocks-fall-after-fed-hikes-key-interest-rate",
        "published": "2026-09-16T22:53:16.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Hong Kong Monetary Authority raises interest rates, tracking Fed move",
        "url": "https://urgent.news/2026/09/16/hong-kong-monetary-authority-raises-interest-rates-tracking-fed-move",
        "published": "2026-09-16T23:08:24.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Fed raises rates in search of 'timelier' drop in inflation, sees more tightening ahead",
        "url": "https://urgent.news/2026/09/16/fed-raises-rates-in-search-of-timelier-drop-in-inflation-sees-more-7898553",
        "published": "2026-09-16T23:22:48.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Fed raises interest rates, a sign of concern about rising prices: \"Inflation is too high\"",
        "url": "https://urgent.news/2026/09/16/fed-raises-interest-rates-a-sign-of-concern-about-rising-prices",
        "published": "2026-09-16T23:48:36.000Z"
      }
    ]
  },
  "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."
}