{
  "id": 7897549,
  "title": "Trump demands 1% US interest rate after Fed delivers first hike in three years",
  "url": "https://urgent.news/2026/09/16/trump-demands-1-us-interest-rate-after-fed-delivers-first-hike-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T22:36:26.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/world/americas/trump-demands-1-us-interest-rate-after-fed-delivers-first-hike-in-three-years-1.500677476"
  },
  "original_language": "en",
  "account": "In a surprising turn of events, US President Donald Trump has called for the Federal Reserve to slash interest rates to 1% or lower following its first rate hike in over three years. Speaking on September 16, Trump claimed the US is the \"Best Credit in the World — BY FAR\" and insisted lower interest rates are necessary to boost the economy. He emphasized a booming US economy with increased investment and projected a potential $1.5 trillion in annual gains by ending trade deficits with deficit countries.\n\nHowever, the Federal Reserve's actions have put it at odds with Trump's wishes. After raising its benchmark federal funds rate by 0.25 percentage point to 3.75%-4%, the central bank signaled its commitment to reducing inflation, which remains above its 2% target. Fed officials also raised their inflation outlook, forecasting a median personal consumption expenditures inflation rate of 3.7% for 2026.\n\nWhile higher interest rates can curb inflation, they also make borrowing more expensive for consumers and businesses, potentially slowing economic growth. The Fed's challenge lies in balancing the need to control inflation with the desire to support economic expansion. This delicate trade-off highlights the complex nature of monetary policy decisions and the Federal Reserve's independence from political pressures.",
  "summary": "US President Donald Trump has renewed his demand for dramatically lower interest rates, saying the Federal Reserve should cut its benchmark rate to 1% or less , hours after the central bank raised borrowing costs for the first time in more than three years. “Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR,” Trump said in a post on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Business Insider",
        "title": "What smart people in business and economics are saying about the Fed interest rate hike",
        "url": "https://urgent.news/2026/09/16/what-smart-people-in-business-and-economics-are-saying-about-the-fed",
        "published": "2026-09-16T22:30:30.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates",
        "url": "https://urgent.news/2026/09/16/stock-futures-rise-after-feds-rate-hike-spurs-a-market-sell-off-live",
        "published": "2026-09-16T23:16:49.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Trump lashes out at Fed after Warsh backs rate hike; says rates should be '1% or less'",
        "url": "https://urgent.news/2026/09/16/trump-lashes-out-at-fed-after-warsh-backs-rate-hike-says-rates-should",
        "published": "2026-09-16T23:21:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Hong Kong follows US Fed with first rate hike in over three years",
        "url": "https://urgent.news/2026/09/16/hong-kong-follows-us-fed-with-first-rate-hike-in-over-three-years",
        "published": "2026-09-16T23:58:20.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Seoul stocks open higher despite first Fed rate hike in over 3 yrs",
        "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-yrs",
        "published": "2026-09-17T00:03:48.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul stocks open higher despite first Fed rate hike in over 3 years",
        "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-years",
        "published": "2026-09-17T00:22:03.000Z"
      }
    ]
  },
  "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."
}