{
  "id": 7931587,
  "title": "Another Fed hike to follow? Goldman Sachs says US Federal Reserve could raise interest rates again in October",
  "url": "https://urgent.news/2026/09/17/another-fed-hike-to-follow-goldman-sachs-says-us-federal-reserve",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T02:44:59.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/us-news/another-fed-hike-to-follow-goldman-sachs-says-us-federal-reserve-could-raise-interest-rates-again-in-october-11789612511201.html"
  },
  "original_language": "en",
  "account": "The U.S. Federal Reserve raised its benchmark interest rate for the first time since 2023 on Wednesday, aiming to curb persistent inflation that has remained above its 2% target for more than half a decade. Fed Chairman Kevin Warsh, nominated by President Trump, stated that economic indicators suggest a tightening pace since the central bank opted to maintain rates in July. Inflation continues to outpace the Fed's 2% goal, with no signs of slowing down, Warsh noted. The Fed's decision was also influenced by global central banks raising rates amid economic turmoil and higher fuel prices. According to Goldman Sachs, another rate hike is expected in October, aligning with the Fed's strategy to bring inflation back to the 2% target at consecutive meetings. Higher interest rates could burden households with increased borrowing costs on mortgages, car loans, and credit cards, while potentially benefiting savers with better returns on deposits. President Trump has publicly opposed the Fed's rate hikes, advocating for lower rates around 1% to stimulate economic growth and reduce borrowing costs. The Fed will convene again in late October, with most economists expecting officials to maintain rates as the midterm elections approach; however, Goldman Sachs anticipates a 25 basis point increase.",
  "summary": "The US Federal Reserve raised its benchmark interest rate for the first time in 2023 to combat persistent inflation above its 2% target. Fed Chairman Kevin Warsh indicated an improving economy while other central banks are also increasing rates amidst global concerns.",
  "key_points": [
    "U.S. Federal Reserve raises interest rate for first time since 2023",
    "Goldman Sachs predicts another rate hike in October",
    "Higher rates may burden households, benefit savers"
  ],
  "editors_take": "A predicted October rate hike by Goldman Sachs suggests the Fed will prioritize curbing inflation over potential economic growth and borrowing costs concerns voiced by President Trump.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "US Federal Reserve hikes interest rates – but will RBI follow suit?",
        "url": "https://urgent.news/2026/09/17/us-federal-reserve-hikes-interest-rates-but-will-rbi-follow-suit",
        "published": "2026-09-17T03:27:06.000Z"
      }
    ]
  },
  "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."
}