{
  "id": 7922064,
  "title": "FOMC Turns Hawkish to Tackle Inflation",
  "url": "https://urgent.news/2026/09/17/fomc-turns-hawkish-to-tackle-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T01:51:55.000Z",
  "source": {
    "name": "Global Finance",
    "slug": "global-finance",
    "url": "https://gfmag.com/economics-policy-regulation/fomc-hawkish-inflation-rate/"
  },
  "original_language": "en",
  "account": "The Federal Open Market Committee (FOMC) voted to raise the Federal Funds rate by 0.25%, to a range of 3.75% to 4.0%. This move was the first increase under Chairman Kevin Warsh's leadership and the first for the Federal Reserve since July 2023. Warsh stated that the hike aimed to bring inflation back within the Fed's 2% target, which has not been met since February 2021. However, he did not provide forward guidance on future rate hikes. The latest FOMC Economic Projections indicated that his colleagues do not anticipate the median Personal Consumption Expenditures (PCE) and Core PCE rates to reach 2% until 2029. A report by the Royal Bank of Canada suggested that 16 FOMC members expect another rate hike in 2026, and the September Economic Projections showed revised PCE inflation and GDP growth projections up, while unemployment projections were down, indicating a focus on inflationary risk. Warsh explained that the September hike was chosen to await more information from the inter-meeting period, but the data revealed that 12-month PCE prices were around 3.6% in August, with Core PCE and CPI prices at 3.2% and 2.4%, respectively. Moore, chief economist at The Century Foundation, criticized the rate increase, stating that it would not address inflation or geopolitical risks. Major price pressures were attributed to disrupted fuel and fertilizer supplies, as well as erratic tariffs. Warsh acknowledged ongoing geopolitical uncertainties but highlighted the American economy's strength, citing improvements in new hiring, private-sector earnings, business investment, and robust credit flows.",
  "summary": "In a laconic 132-word statement, the Federal Open Market Committee (FOMC) announced a hike of the Federal Funds rate by 0.25%, to between 3.75% and 4%. It was the first increase in Chairman Kevin Warsh’s tenure and the first hike for the Fed since July 2023. Warsh noted that the rate move aimed to bring .. The post FOMC Turns Hawkish to Tackle Inflation appeared first on Global Finance…",
  "key_points": [
    "FOMC raises Federal Funds rate by 0.25% to 3.75%-4.0%",
    "Chairman Kevin Warsh leads first increase since July 2023",
    "Inflation target of 2% not met since February 2021"
  ],
  "editors_take": "The Federal Reserve's rate hike signals a tougher stance on inflation, reflecting policymakers' prioritization of curbing price growth over economic expansion, amid persistent supply and geopolitical pressures.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}