{
  "id": 7929064,
  "title": "US Fed delivers first rate hike since 2023",
  "url": "https://urgent.news/2026/09/17/us-fed-delivers-first-rate-hike-since-2023",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T02:04:58.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2030491/us-fed-delivers-first-rate-hike-since-2023"
  },
  "original_language": "en",
  "account": "The US Federal Reserve increased interest rates by 25 basis points to 3.75-4.00 percent in an effort to combat persistent inflation, the first such hike since 2023. Federal Reserve Chair Kevin Warsh emphasized that the decision was based on the central bank's assessment, not market forces, and highlighted the importance of focusing on price stability as per the institution's mandate. Warsh also noted that the Fed's independence is maintained by keeping its role separate from financial markets.",
  "summary": "WASHINGTON: The US Federal Reserve on Wednesday raised interest rates in the world’s largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates. The Fed’s Federal Open Market Committee voted unanimously to raise rates to between 3.75 and 4.00 per cent, citing “elevated” inflation and adding that the rate hike…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Fed rate hike only half the story as Warsh faces dot-plot test",
        "url": "https://urgent.news/2026/09/15/fed-rate-hike-only-half-the-story-as-warsh-faces-dot-plot-test",
        "published": "2026-09-15T15:46:25.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "Fed policymakers rally around the ‘price stability flag’ in rate hike",
        "url": "https://urgent.news/2026/09/16/fed-policymakers-rally-around-the-price-stability-flag-in-rate-hike",
        "published": "2026-09-16T21:55:16.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Gold falls to near $4,250 after Fed delivers rate hike",
        "url": "https://urgent.news/2026/09/16/gold-falls-to-near-4-250-after-fed-delivers-rate-hike",
        "published": "2026-09-16T23:25:30.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(LEAD) BOK pressed to further raise key rate to track Fed's latest hike",
        "url": "https://urgent.news/2026/09/17/lead-bok-pressed-to-further-raise-key-rate-to-track-feds-latest-hike",
        "published": "2026-09-17T00:20:12.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Financial authorities say Fed's rate hike to have limited market impact",
        "url": "https://urgent.news/2026/09/17/financial-authorities-say-feds-rate-hike-to-have-limited-market-impact",
        "published": "2026-09-17T01:32:03.000Z"
      },
      {
        "outlet": "Dawn",
        "title": "US Fed delivers first rate hike since 2023",
        "url": "https://urgent.news/2026/09/17/us-fed-delivers-first-rate-hike-since-2023-7940515",
        "published": "2026-09-17T02:04:58.000Z"
      }
    ]
  },
  "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."
}