{"id":850143,"date":"2026-09-16T20:10:11","date_gmt":"2026-09-16T20:10:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/850143\/"},"modified":"2026-09-16T20:10:11","modified_gmt":"2026-09-16T20:10:11","slug":"us-federal-reserve-raises-interest-rates-for-first-time-in-3-years-risking-trumps-ire","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/850143\/","title":{"rendered":"US Federal Reserve raises interest rates for first time in 3 years, risking Trump\u2019s ire"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Federal Reserve on Wednesday raised interest rates in the world\u2019s largest economy by a quarter of a percentage point to tackle stubbornly high inflation, a move sure to anger US President Donald Trump, who has demanded lower rates.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Fed\u2019s Federal Open Market Committee voted unanimously to raise rates to between 3.75 and 4.00 per cent, citing \u201celevated\u201d inflation and adding that the rate hike would support a \u201ctimelier return\u201d to its 2 per cent target for the metric.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">A majority of Fed policymakers expect at least one more rate hike to be necessary before the end of the year, according to the central bank\u2019s Summary of Economic Projections, also published on Wednesday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Federal Reserve Chairman Kevin Warsh said the US central bank\u2019s main focus now is on inflation, in remarks shortly after its first rate hike since 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"The Federal Reserve on Wednesday raised interest rates in the world\u2019s largest economy by a quarter of a&hellip;\n","protected":false},"author":2,"featured_media":850144,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,12,1554,37614,2800,2402,9007,3,21,19,22,20,25,24],"class_list":["post-850143","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-donald-trump","tag-fed","tag-federal-open-market-committee","tag-federal-reserve","tag-inflation","tag-interest-rates","tag-news","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/850143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=850143"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/850143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/850144"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=850143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=850143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=850143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}