{
  "id": 7912369,
  "title": "US Fed raises interest rates for first time since 2023, Trump sees move as personal attack",
  "url": "https://urgent.news/2026/09/17/us-fed-raises-interest-rates-for-first-time-since-2023-trump-sees",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:45:52.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/09/17/us-fed-raises-interest-rates-for-first-time-since-2023-trump-sees-move-as-personal-attack/235453"
  },
  "original_language": "en",
  "account": "On September 17, the US Federal Reserve unexpectedly increased interest rates for the first time since 2023, defying President Donald Trump's call for rate cuts. Federal Reserve Chair Kevin Warsh explained that the decision was driven by inflation being \"too high\" and persisting \"for too long.\" The Federal Open Market Committee voted unanimously to raise rates by 25 basis points, bringing them between 3.75 and 4.00 percent. Warsh stated that the move was both serious and necessary. While the increase may not be the last, with most Fed policymakers anticipating at least one more hike before the year's end, the US president was not pleased. Trump accused the Fed's decision of being a \"raise against Trump\" and called the committee \"hostile.\" The president has been pushing for lower rates to boost economic activity. The Fed's decision came amid growing calls from some policymakers for a rate hike to combat inflation, which has remained elevated since the Iran war and tariff policies began. The Fed's projections also indicated a continued outlook for inflation and GDP growth. Despite the rate hike, US stock markets were largely expected the news, but they still fell as investors adjusted their portfolios.",
  "summary": "WASHINGTON, Sept 17 — The US Federal Reserve on Wednesday raised interest rates for the first time since 2023, def...",
  "key_points": [
    "US Federal Reserve raised interest rates for first time since 2023",
    "Federal Reserve Chair Kevin Warsh explained decision was due to high inflation",
    "Trump accused Fed's move of being a personal attack against him"
  ],
  "editors_take": "The US Federal Reserve's interest rate hike aligns with its inflation-fighting mandate, contradicting President Trump's push for lower rates to boost economic activity and sparking his criticism of the move.",
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Now that the Fed raised rates, where to score the best yields on your cash",
        "url": "https://urgent.news/2026/09/16/now-that-the-fed-raised-rates-where-to-score-the-best-yields-on-your",
        "published": "2026-09-16T19:39:33.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "US Fed chair Kevin Warsh explains why the Federal Reserve raised interest rates",
        "url": "https://urgent.news/2026/09/16/us-fed-chair-kevin-warsh-explains-why-the-federal-reserve-raised",
        "published": "2026-09-16T19:43:14.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Trump demands 1% rates hours after the Fed raised them",
        "url": "https://urgent.news/2026/09/16/trump-demands-1-rates-hours-after-the-fed-raised-them",
        "published": "2026-09-16T21:04:26.000Z"
      },
      {
        "outlet": "Axios",
        "title": "Trump demands lower interest rates after Fed decision",
        "url": "https://urgent.news/2026/09/16/trump-demands-lower-interest-rates-after-fed-decision",
        "published": "2026-09-16T21:23:37.000Z"
      },
      {
        "outlet": "Qatar Tribune Business",
        "title": "Fed raises rates as Trump faces higher borrowing costs",
        "url": "https://urgent.news/2026/09/16/fed-raises-rates-as-trump-faces-higher-borrowing-costs",
        "published": "2026-09-16T21:25:00.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "President Trump said he was standing by Federal Reserve Chairman Kevin Warsh and that he spoke to him just before the central bank unanimously voted to raise interest rates",
        "url": "https://urgent.news/2026/09/16/president-trump-said-he-was-standing-by-federal-reserve-chairman",
        "published": "2026-09-16T23:16:00.000Z"
      },
      {
        "outlet": "BBC News",
        "title": "Why Trump's hand-picked Fed chair defied him by raising interest rates",
        "url": "https://urgent.news/2026/09/17/why-trumps-hand-picked-fed-chair-defied-him-by-raising-interest-rates",
        "published": "2026-09-17T00:38:50.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "‘1% or less’: Trump demands rate cut after US Fed raises interest rates for first time since 2023",
        "url": "https://urgent.news/2026/09/17/1-or-less-trump-demands-rate-cut-after-us-fed-raises-interest-rates",
        "published": "2026-09-17T01:45:21.000Z"
      }
    ]
  },
  "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."
}