{
  "id": 7945507,
  "title": "AP News in Brief at 12:04 a.m. EDT",
  "url": "https://urgent.news/2026/09/17/ap-news-in-brief-at-12-04-a-m-edt",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T04:04:40.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/world/2026/09/16/ap-news-in-brief-at-1204-a-m-edt-984"
  },
  "original_language": "en",
  "account": "The Federal Reserve raised its benchmark interest rate for the first time since 2023 on Wednesday, defying President Trump's demands for a rate cut. The quarter-point increase brings the key rate to around 3.9%, and the central bank may raise it again to 4.1% later this year. This move aims to tackle high inflation, which has remained above the Fed's 2% target for an extended period. The higher borrowing costs could impact mortgages, auto loans, and credit card interest rates. Meanwhile, the House passed a bill imposing sanctions on Russia, with the goal of weakening President Vladimir Putin's economy and providing financial support to Ukraine in its ongoing war against the country.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "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."
}