{
  "id": 7890112,
  "title": "US Fed raises rates to tackle ‘too high’ inflation, irking Trump",
  "url": "https://urgent.news/2026/09/16/us-fed-raises-rates-to-tackle-too-high-inflation-irking-trump-7890112",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T21:40:13.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/highlight/2026/09/17/us-fed-raises-rates-to-tackle-too-high-inflation-irking-trump"
  },
  "original_language": "en",
  "account": "On Wednesday, the US Federal Reserve increased interest rates for the first time since 2023, taking a stance against President Donald Trump's calls for lower rates. Federal Reserve Chairman Kevin Warsh, who was appointed by Trump, emphasized the necessity of combating inflation that has been \"too high\" for \"too long.\" The Federal Open Market Committee unanimously decided to raise rates by 25 basis points, bringing rates to between 3.75% and 4.00%. Warsh stated that the decision was serious, but deemed necessary. The decision may not be the last, as most Fed policymakers indicated at least one more rate hike was likely before the end of the year. The high consumer prices, which resulted from Trump's Iran war, tariff policies, and the AI boom, have burdened US households and businesses. Reacting angrily to the decision, Trump demanded the Fed to lower rates \"fast\" in a social media post. The Fed has held rates steady since January, waiting to assess the impact of the war's energy price shocks and the influence of tariffs on prices. Analysts believe inflation forced the Fed's hand, as price pressures remain too elevated and persistent. The Fed's forecast for the Personal Consumption Expenditures price index was raised by 0.1 percentage points to 3.7% by year-end, and GDP growth projection for the same period was increased by 0.1 percentage points to 2.3%.",
  "summary": "The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75% and 4.00%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "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 Sydney Morning Herald",
        "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",
        "published": "2026-09-16T19:44:07.000Z"
      },
      {
        "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": "Free Malaysia Today",
        "title": "US Fed raises rates to tackle ‘too high’ inflation, irking Trump",
        "url": "https://urgent.news/2026/09/16/us-fed-raises-rates-to-tackle-too-high-inflation-irking-trump",
        "published": "2026-09-16T21:40:13.000Z"
      },
      {
        "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"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US Fed raises rates by 0.25pc to battle inflation",
        "url": "https://urgent.news/2026/09/16/us-fed-raises-rates-by-0-25pc-to-battle-inflation",
        "published": "2026-09-16T22:44:47.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "US Fed raises rates to tackle 'too high' inflation, irking Trump",
        "url": "https://urgent.news/2026/09/16/us-fed-raises-rates-to-tackle-too-high-inflation-irking-trump-7896847",
        "published": "2026-09-16T23:28:14.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "US Fed raises rates to tackle 'too high' inflation, irking Trump",
        "url": "https://urgent.news/2026/09/16/us-fed-raises-rates-to-tackle-too-high-inflation-irking-trump-7896706",
        "published": "2026-09-16T23:31:27.000Z"
      }
    ]
  },
  "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."
}