{
  "id": 7900477,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T23:48:36.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/video/fed-raises-interest-rates-sign-concern-rising-prices-inflation-too-high/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US Federal Reserve has raised interest rates for the first time in three years, a sign of concern about rising prices. The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent.\n\nAccording to CBS News, the cost of diesel fuel hit a new record, for the eighth day in a row. The Fed's decision was described as a \"serious\" but necessary one by central bank chief Kevin Warsh, who stressed the need to combat inflation that has been \"too high\" for \"too long\".\n\nThe rate hike may not be the last, with the vast majority of Fed policymakers indicating that at least one more rate hike was likely necessary before the end of the year, according to their Summary of Economic Projections. President Donald Trump reacted angrily to the decision, calling it a \"raise against Trump\".",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "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"
      }
    ]
  },
  "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."
}