{
  "id": 7952458,
  "title": "Fed raises rates in search of ‘timelier’ drop in inflation",
  "url": "https://urgent.news/2026/09/17/fed-raises-rates-in-search-of-timelier-drop-in-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T04:47:14.000Z",
  "source": {
    "name": "SABC News",
    "slug": "sabc-news",
    "url": "https://www.sabcnews.com/sabcnews/fed-raises-rates-in-search-of-timelier-drop-in-inflation/"
  },
  "original_language": "en",
  "account": "The Federal Reserve raised interest rates on Wednesday, with more hikes expected in the coming months, as new US central bank chief Kevin Warsh joined a unanimous decision to control inflation. President Donald Trump had promised lower prices, but global import tariffs, an energy shock following the US-Israeli war with Iran, and AI boom spending kept prices high. The Fed increased the benchmark overnight rate by 0.25 percentage points to 3.75%-4.00%. Only two policymakers expected rates to remain stable, while 16 anticipated at least one more hike by year-end. Warsh attributed tighter policy to a strengthening economy with strong job growth, domestic spending, and capital investment. The Fed's move was the first in three years and the first under Warsh, who took office only weeks ago. Inflation remains elevated, and the central bank aims to return to its 2% goal more promptly. Warsh called the rate hike \"the right decision\" and emphasized a \"choice\" of the central bank to deliver price stability.",
  "summary": "Warsh, speaking in his post-meeting press conference, called the rate hike the \"right decision.\"",
  "key_points": [
    "Federal Reserve raises rates by 0.25 percentage points to 3.75%-4.00%",
    "Kevin Warsh, new Fed chief, joins unanimous decision to control inflation",
    "Fed aims to return inflation to 2% goal more promptly"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/7952458.png",
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asian stocks tick higher as markets weigh further Fed hikes",
        "url": "https://urgent.news/2026/09/17/global-market-today-asian-stocks-tick-higher-as-markets-weigh-further",
        "published": "2026-09-17T01:00:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Asian bonds decline as US Fed hikes rates, dollar jumps",
        "url": "https://urgent.news/2026/09/17/asian-bonds-decline-as-us-fed-hikes-rates-dollar-jumps",
        "published": "2026-09-17T02:04:28.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Shares tick higher as Fed hikes rates, dollar jumps with short-term yields",
        "url": "https://urgent.news/2026/09/17/shares-tick-higher-as-fed-hikes-rates-dollar-jumps-with-short-term",
        "published": "2026-09-17T02:04:59.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Shares tick higher as Fed hikes rates, dollar jumps with short-term yields",
        "url": "https://urgent.news/2026/09/17/shares-tick-higher-as-fed-hikes-rates-dollar-jumps-with-short-term-7934040",
        "published": "2026-09-17T02:49:28.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Shares tick higher as Fed hikes rates, dollar jumps with short-term yields",
        "url": "https://urgent.news/2026/09/17/shares-tick-higher-as-fed-hikes-rates-dollar-jumps-with-short-term-7939517",
        "published": "2026-09-17T03:07:45.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Most stocks rise as Fed hikes rates, signals drive to curb inflation",
        "url": "https://urgent.news/2026/09/17/most-stocks-rise-as-fed-hikes-rates-signals-drive-to-curb-inflation",
        "published": "2026-09-17T03:32:13.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "Shares tick higher as Fed hikes rates, dollar jumps",
        "url": "https://urgent.news/2026/09/17/shares-tick-higher-as-fed-hikes-rates-dollar-jumps",
        "published": "2026-09-17T04:08:39.000Z"
      }
    ]
  },
  "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."
}