{
  "id": 7940515,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T02:04:58.000Z",
  "source": {
    "name": "Dawn",
    "slug": "dawn",
    "url": "https://www.dawn.com/news/2030491/us-fed-delivers-first-rate-hike-since-2023"
  },
  "original_language": "en",
  "account": "On Wednesday, the US Federal Reserve raised interest rates by 25 basis points to combat persistent inflation, marking the first such increase since 2023. The Federal Open Market Committee unanimously decided to raise rates to between 3.75 and 4.00 percent, citing elevated inflation and asserting that the hike would facilitate a \"timelier return\" to their 2 percent target for the metric. Federal Reserve Chair Kevin Warsh, during a press conference, emphasized that the decision was not influenced by market conditions, stating it was based on the central bank's assessment of the situation. Warsh highlighted the central bank's independence in staying focused on its objectives, particularly price stability, amid political pressure for lower interest rates. He noted that while market prices would provide feedback, the decision was made solely by the Federal Reserve to ensure adherence to its mandate. The majority of Fed policymakers anticipate additional rate hikes before the year's end, as outlined in the central bank's Summary of Economic Projections.",
  "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 Business",
        "title": "US Fed delivers first rate hike since 2023",
        "url": "https://urgent.news/2026/09/17/us-fed-delivers-first-rate-hike-since-2023",
        "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."
}