The Federal Reserve's interest rates, from the 2022 hikes to the 2026 reversal
Active · last development Oct 7, 2026: “Federal Reserve officials expect another rate hike will be needed this year, according to minutes”
What this arc covers
The Federal Reserve's interest-rate decisions through the inflation fight that followed the pandemic: the steep increases of 2022 and 2023, including several three-quarter-point hikes, the pause in June 2023 and the last increase that July, which left rates at a 22-year high, the long hold that followed, the cuts in September, November and December 2024, the pause in early 2025 and the cuts that September, October and December, the holds of early 2026, and the September 2026 increase and the officials' signals that more could follow, along with the Fed chair's testimony and speeches and the minutes of its meetings.

Earliest story we hold Aug 25, 2022 · 102 stories · 371 independent sources (counted once each) · 1504 days
Part of The Federal Reserve
- The Federal Reserve's interest rates, from the 2022 hikes to the 2026 reversalThis arcAug 25, 2022 – Oct 7, 2026
- Trump's fight with the Federal Reserve over Jerome Powell and Lisa CookFeb 2, 2024 – Oct 2, 2026
Where it standsnewest first · each bar runs left to right by leaning
Key momentsthe most covered; every story is below
- May 1 – 3, 2023Fed raises key rate but hints it may pause amid bank turmoil104 articles · 55 independent sources
- Jul 26 – 27, 2023Federal Reserve raises key rate for 11th time by a quarter-point in drive to slow inflation110 articles · 46 independent sources
- Sep 18 – 19, 2024Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight111 articles · 56 independent sources
- Nov 4 – 8, 2024Federal Reserve cuts its key interest rate by a quarter-point on heels of election94 articles · 58 independent sources
- Dec 18 – 19, 2024Federal Reserve cuts its key rate by a quarter-point, but envisions fewer reductions next year88 articles · 54 independent sources
- Sep 16 – 18, 2025Fed rate cuts: What they mean for you109 articles · 55 independent sources
- Sep 16, 2025What a Fed rate cut could mean for your wallet
- Sep 17, 2025Fed cuts key interest rate, signals two more this year
- Sep 13 – 20, 2026Federal Reserve rate hike reflects new world of sticky inflation and faster growth300 articles · 112 independent sources
- Sep 13, 2026Warsh and Trump on collision course as investors expect Fed to raise rates
- Sep 15, 2026Federal Reserve is expected to raise its benchmark rate, defying Trump's demands
- Sep 15, 2026Fed Expected To Raise Rates As Inflation Lingers
- Sep 16, 2026US Fed raises rates to tackle 'too high' inflation, irking Trump
- Sep 17, 2026Why the Federal Reserve is lifting rates now, and what it means
Who covered it, over timeindependent sources per week, by side
LeftCenterRight
Point at or tap a week to see its count by side.
Every week as a table
| Week of | Left | Center | Right | Articles |
|---|---|---|---|---|
| Aug 22, 2022 | 10 | 13 | 4 | 96 |
| Sep 19, 2022 | 5 | 17 | 6 | 79 |
| Oct 31, 2022 | 5 | 7 | 6 | 55 |
| Nov 28, 2022 | 4 | 5 | 3 | 19 |
| Dec 12, 2022 | 6 | 7 | 2 | 37 |
| Jan 30, 2023 | 9 | 10 | 2 | 86 |
| Feb 6, 2023 | 1 | 1 | 1 | 10 |
| Mar 6, 2023 | 7 | 6 | 3 | 64 |
| May 1, 2023 | 14 | 18 | 9 | 101 |
| May 29, 2023 | 0 | 1 | 2 | 5 |
| Jun 12, 2023 | 6 | 14 | 11 | 80 |
| Jun 19, 2023 | 4 | 7 | 3 | 25 |
| Jul 3, 2023 | 0 | 3 | 1 | 5 |
| Jul 24, 2023 | 4 | 17 | 9 | 110 |
| Aug 21, 2023 | 8 | 11 | 8 | 38 |
| Sep 18, 2023 | 9 | 15 | 9 | 79 |
| Oct 16, 2023 | 2 | 3 | 2 | 8 |
| Oct 30, 2023 | 6 | 12 | 5 | 42 |
| Nov 6, 2023 | 1 | 3 | 1 | 6 |
| Nov 27, 2023 | 0 | 4 | 1 | 7 |
| Dec 11, 2023 | 8 | 14 | 5 | 66 |
| Jan 1, 2024 | 0 | 2 | 1 | 7 |
| Jan 15, 2024 | 0 | 3 | 2 | 7 |
| Jan 29, 2024 | 10 | 11 | 3 | 43 |
| Feb 5, 2024 | 4 | 6 | 4 | 33 |
| Mar 4, 2024 | 5 | 9 | 3 | 23 |
| Mar 11, 2024 | 0 | 1 | 0 | 1 |
| Mar 18, 2024 | 9 | 13 | 7 | 53 |
| Mar 25, 2024 | 1 | 0 | 2 | 8 |
| Apr 1, 2024 | 3 | 3 | 2 | 16 |
| Apr 8, 2024 | 2 | 2 | 3 | 8 |
| Apr 29, 2024 | 6 | 8 | 6 | 43 |
| May 13, 2024 | 4 | 2 | 1 | 12 |
| May 27, 2024 | 2 | 1 | 0 | 5 |
| Jun 10, 2024 | 5 | 14 | 6 | 54 |
| Jul 1, 2024 | 1 | 3 | 0 | 10 |
| Jul 8, 2024 | 2 | 5 | 1 | 14 |
| Jul 29, 2024 | 5 | 8 | 1 | 49 |
| Aug 19, 2024 | 10 | 20 | 10 | 88 |
| Sep 2, 2024 | 1 | 5 | 0 | 10 |
| Sep 9, 2024 | 2 | 8 | 1 | 44 |
| Sep 16, 2024 | 10 | 25 | 10 | 151 |
| Sep 23, 2024 | 0 | 4 | 1 | 11 |
| Nov 4, 2024 | 9 | 23 | 9 | 91 |
| Dec 2, 2024 | 1 | 4 | 1 | 8 |
| Dec 16, 2024 | 6 | 22 | 7 | 115 |
| Jan 27, 2025 | 5 | 14 | 1 | 31 |
| Feb 17, 2025 | 0 | 3 | 0 | 12 |
| Apr 14, 2025 | 0 | 3 | 0 | 11 |
| May 5, 2025 | 0 | 3 | 0 | 5 |
| Jun 30, 2025 | 0 | 2 | 2 | 7 |
| Jul 7, 2025 | 0 | 2 | 1 | 6 |
| Jul 28, 2025 | 5 | 9 | 5 | 37 |
| Aug 18, 2025 | 4 | 7 | 6 | 39 |
| Sep 15, 2025 | 7 | 23 | 10 | 104 |
| Sep 22, 2025 | 0 | 2 | 1 | 8 |
| Oct 6, 2025 | 0 | 3 | 1 | 6 |
| Oct 27, 2025 | 7 | 14 | 6 | 58 |
| Dec 8, 2025 | 6 | 17 | 6 | 68 |
| Jan 26, 2026 | 2 | 8 | 3 | 20 |
| Mar 16, 2026 | 1 | 9 | 1 | 17 |
| Apr 27, 2026 | 2 | 5 | 3 | 17 |
| Jul 13, 2026 | 0 | 1 | 0 | 7 |
| Jul 27, 2026 | 0 | 0 | 1 | 8 |
| Aug 31, 2026 | 3 | 2 | 1 | 14 |
| Sep 7, 2026 | 4 | 6 | 3 | 25 |
| Sep 14, 2026 | 26 | 41 | 21 | 297 |
| Sep 21, 2026 | 6 | 4 | 1 | 27 |
| Sep 28, 2026 | 3 | 1 | 1 | 5 |
| Oct 5, 2026 | 3 | 4 | 1 | 15 |
Stories before June 28, 2026 come from archived pages, so who covered them is limited to the outlets we recovered for that period.
27% left · 61% center · 12% right of 371 independent sources among the outlets we track, across 102 stories.
Every storyoldest first
August 2022
Aug 25– 26Jackson Hole: Fed Chair Jerome Powell Talks Tough On Inflation7 articles · 7 independent sources2 left, 4 center, 1 right- Aug 26Another interest rate hike is likely in coming months, Fed Reserve Chair says33 articles · 6 independent sources0 left, 3 center, 0 right
- Aug 26Powell: Fed's inflation fight could bring 'pain,' job losses33 articles · 24 independent sources6 left, 3 center, 4 right
- Aug 26Powell: Fed could keep lifting rates sharply 'for some time'24 articles · 16 independent sources3 left, 3 center, 0 right
September 2022
Sep 21Fed attacks inflation with another big hike and expects more83 articles · 44 independent sources5 left, 17 center, 6 rightOctober 2022
Oct 31– Nov 2Fed unleashes another big rate hike but hints at a pullback37 articles · 27 independent sources4 left, 4 center, 6 rightNovember 2022
Nov 2Federal Reserve raises interest rate by three-quarters of a point19 articles · 8 independent sources1 left, 3 center, 1 right- Nov 30Powell: Fed to keep rates higher for longer to cut inflation10 articles · 7 independent sources3 left, 0 center, 0 right
- Nov 30Jerome Powell Says Federal Reserve’s Rate Hikes Could Slow As Soon As December9 articles · 9 independent sources1 left, 5 center, 3 right
December 2022
Dec 13– 14The Fed Expects More Rate Hikes, Despite a Smaller 50 Basis Point Increase: ‘We Still Have a Long Way to Go'17 articles · 13 independent sources4 left, 6 center, 2 right- Dec 14Fed raises key interest rate by half a point, signals more to come21 articles · 10 independent sources2 left, 1 center, 0 right
January 2023
Jan 31– Feb 2Here's what the Fed interest rate hike means for you88 articles · 36 independent sources9 left, 10 center, 2 rightFebruary 2023
Feb 7Fed's Powell: Strong hiring could force further rate hikes10 articles · 10 independent sources1 left, 1 center, 1 rightMarch 2023
Mar 7Senate will grill Powell over Fed efforts to tame inflation65 articles · 24 independent sources7 left, 6 center, 3 rightMay 2023
May 1– 3Fed raises key rate but hints it may pause amid bank turmoil104 articles · 55 independent sources14 left, 18 center, 9 rightJune 2023
Jun 1Federal Reserve likely to skip interest rate hike at next meeting in June, officials signal5 articles · 5 independent sources0 left, 1 center, 2 right- Jun 12– 14Fed pauses rate hikes but forecasts more increases as inflation remains too high36 articles · 25 independent sources5 left, 9 center, 8 right
- Jun 14Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come4 articles · 4 independent sources0 left, 1 center, 2 right
- Jun 14Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year42 articles · 20 independent sources1 left, 4 center, 2 right
- Jun 21– 22Fed’s Powell reinforces likelihood of more rate hikes22 articles · 16 independent sources4 left, 5 center, 2 right
- Jun 21Fed Chair Powell is heading to Capitol Hill. Here's what to expect4 articles · 3 independent sources0 left, 2 center, 1 right
July 2023
Jul 5Fed officials signal more rate hikes to come, meeting minutes show5 articles · 4 independent sources0 left, 3 center, 1 right- Jul 26– 27Federal Reserve raises key rate for 11th time by a quarter-point in drive to slow inflation110 articles · 46 independent sources4 left, 17 center, 9 right
August 2023
Aug 23– 25Powell at Jackson Hole: Economy's solid growth could require additional Fed hikes to fight inflation39 articles · 34 independent sources8 left, 11 center, 8 rightSeptember 2023
Sep 19– 21Fed pauses interest rate hikes in September but could raise rates again this year80 articles · 43 independent sources9 left, 15 center, 9 rightOctober 2023
Oct 19Powell says inflation is still too high and lower economic growth is likely needed to bring it down8 articles · 8 independent sources2 left, 3 center, 2 right- Oct 31– Nov 1Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike13 articles · 13 independent sources2 left, 3 center, 2 right
November 2023
Nov 1Fed Reserve keeps interest rates at 22-year high22 articles · 17 independent sources4 left, 7 center, 2 right- Nov 1Federal Reserve leaves interest rates unchanged despite stubborn inflation8 articles · 3 independent sources0 left, 2 center, 1 right
- Nov 9Powell reinforces Fed's cautious approach toward further interest rate hikes6 articles · 6 independent sources1 left, 3 center, 1 right
December 2023
Dec 1Fed Chair Powell calls talk of cutting rates ‘premature' and says more hikes could happen7 articles · 7 independent sources0 left, 4 center, 1 right- Dec 11– 14Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year43 articles · 26 independent sources5 left, 10 center, 5 right
- Dec 11Fed set to leave interest rates unchanged while facing speculation about eventual rate cuts10 articles · 4 independent sources0 left, 2 center, 0 right
- Dec 13The Fed once again held interest rates steady as inflation slowly comes back to normal8 articles · 6 independent sources3 left, 3 center, 0 right
- Dec 15Fed's John Williams says the central bank isn't ‘really talking about rate cuts right now'6 articles · 6 independent sources1 left, 2 center, 2 right
January 2024
Jan 3Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show7 articles · 5 independent sources0 left, 2 center, 1 right- Jan 16Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming - The Daily Reporter7 articles · 7 independent sources0 left, 3 center, 2 right
- Jan 30– 31Federal Reserve signals that interest rate cuts aren't imminent and leaves them unchanged for now44 articles · 31 independent sources10 left, 11 center, 3 right
February 2024
Feb 5Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy24 articles · 22 independent sources3 left, 5 center, 3 right- Feb 8Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?9 articles · 9 independent sources1 left, 1 center, 2 right
March 2024
Mar 6Powell Reiterates Fed Needs More Confidence on Inflation to Cut24 articles · 21 independent sources5 left, 9 center, 3 right- Mar 17– 21Fed leaves interest rates steady as officials debate timing for cuts48 articles · 27 independent sources8 left, 11 center, 6 right
- Mar 20Fed still foresees 3 rate cuts this year but envisions higher rates in future7 articles · 6 independent sources1 left, 3 center, 1 right
- Mar 29Powell says Fed wants to see 'more good inflation readings' before it can cut rates8 articles · 8 independent sources1 left, 0 center, 2 right
April 2024
Apr 3Powell: Fed still sees rate cuts this year; election timing won't affect decision10 articles · 10 independent sources1 left, 2 center, 2 right- Apr 6When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all6 articles · 6 independent sources3 left, 1 center, 0 right
- Apr 10US Fed officials raised inflation concerns, but still expected rate cuts in 2024: minutes8 articles · 8 independent sources2 left, 2 center, 3 right
- Apr 30– May 1Fed holds rates steady as inflation casts doubt on future cuts29 articles · 20 independent sources5 left, 5 center, 6 right
May 2024
May 1Fed says interest rates will stay at two-decade high until inflation further cools15 articles · 11 independent sources1 left, 3 center, 0 right- May 13Are US interest rates high enough to beat inflation? The Fed will take its time to find out6 articles · 5 independent sources2 left, 1 center, 0 right
- May 14Fed's Powell says confidence that inflation will slow is 'not as high' as before6 articles · 6 independent sources2 left, 1 center, 1 right
- May 30Fed's Williams says inflation is too high but will start coming down soon5 articles · 4 independent sources2 left, 1 center, 0 right
June 2024
Jun 10– 12Federal Reserve sees some progress on inflation but envisions just one rate cut this year17 articles · 11 independent sources1 left, 5 center, 0 right- Jun 11– 13Fed holds interest rates steady, projects just one cut this year37 articles · 23 independent sources4 left, 9 center, 6 right
July 2024
Jul 2Fed Chair Jerome Powell: US inflation is slowing again, though it isn't yet time to cut rates10 articles · 10 independent sources1 left, 3 center, 0 right- Jul 9Fed's Powell highlights slowing job market in signal that rate cuts may be nearing15 articles · 15 independent sources2 left, 5 center, 1 right
- Jul 29– 31First interest rate cut in 4 years likely on the horizon as the Federal Reserve meets14 articles · 9 independent sources1 left, 3 center, 0 right
- Jul 31Fed holds interest rates steady, but cut expected soon28 articles · 8 independent sources2 left, 4 center, 1 right
- Jul 31The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing8 articles · 6 independent sources2 left, 2 center, 0 right
August 2024
Aug 21– 22Fed’s minutes suggest rate cut in September16 articles · 14 independent sources2 left, 5 center, 3 right- Aug 22– 23Stock market today: Wall Street rallies after Fed’s chair says ‘time has come’ for cuts to rates7 articles · 5 independent sources2 left, 3 center, 0 right
- Aug 23– 24Fed Chair Powell says 'time has come' for shift toward interest rate cuts67 articles · 43 independent sources7 left, 14 center, 9 right
September 2024
Sep 5– 6Jobs report will help Federal Reserve decide how much to cut interest rates10 articles · 10 independent sources1 left, 5 center, 0 right- Sep 11US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates44 articles · 27 independent sources2 left, 8 center, 1 right
- Sep 16– 23Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead49 articles · 20 independent sources4 left, 9 center, 6 right
- Sep 18– 19Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight111 articles · 56 independent sources6 left, 19 center, 5 right
- Sep 27Richmond Fed president urges caution on interest rate cuts because inflation isn't defeated6 articles · 6 independent sources0 left, 2 center, 1 right
November 2024
Nov 4– 8Federal Reserve cuts its key interest rate by a quarter-point on heels of election94 articles · 58 independent sources9 left, 23 center, 9 rightDecember 2024
Dec 2– 3A top Fed official leans toward December rate cut but says it depends on economic data8 articles · 8 independent sources1 left, 4 center, 1 right- Dec 16Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated30 articles · 12 independent sources0 left, 3 center, 0 right
- Dec 18– 19Federal Reserve cuts its key rate by a quarter-point, but envisions fewer reductions next year88 articles · 54 independent sources6 left, 20 center, 7 right
January 2025
Jan 27– 30The Federal Reserve holds interest rates steady as inflation remains stubborn31 articles · 22 independent sources5 left, 14 center, 1 rightFebruary 2025
Feb 20CNBC Daily Open: Rates might be paused as the Fed is concerned over Trump's tariffs12 articles · 2 independent sources0 left, 3 center, 0 rightApril 2025
Apr 16Fed Chair Powell says Federal Reserve can wait on any interest rate moves11 articles · 7 independent sources0 left, 3 center, 0 rightMay 2025
May 7Federal Reserve to face tough balancing act between fighting inflation and lifting growth5 articles · 4 independent sources0 left, 3 center, 0 rightJuly 2025
Jul 1Powell says the Fed would have cut rates this year if it weren’t for tariffs7 articles · 7 independent sources0 left, 2 center, 2 right- Jul 9Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show6 articles · 4 independent sources0 left, 2 center, 1 right
- Jul 30– 31The Fed holds interest rates steady despite intense pressure from Trump37 articles · 19 independent sources5 left, 9 center, 5 right
August 2025
Aug 22Powell signals Fed may cut rates soon even as inflation risks remain40 articles · 29 independent sources4 left, 7 center, 6 rightSeptember 2025
Sep 16– 18Fed rate cuts: What they mean for you109 articles · 55 independent sources7 left, 23 center, 10 right- Sep 23Powell signals Federal Reserve to move slowly on interest rate cuts8 articles · 8 independent sources0 left, 2 center, 1 right
October 2025
Oct 8Most Fed officials supported further rate cuts as job worries rose: meeting minutes6 articles · 6 independent sources0 left, 3 center, 1 right- Oct 28– 29Federal Reserve cuts key rate as government shutdown clouds economic outlook60 articles · 36 independent sources7 left, 14 center, 6 right
December 2025
Dec 10– 11Federal Reserve votes to cut interest rates for a 3rd time70 articles · 43 independent sources6 left, 17 center, 6 rightJanuary 2026
Jan 27– 28Federal Reserve may keep rates unchanged for months as economy shows signs of health16 articles · 13 independent sources2 left, 6 center, 0 right- Jan 28Federal Reserve holds interest rates steady6 articles · 6 independent sources0 left, 2 center, 3 right
March 2026
Mar 17– 18Federal Reserve projects one rate cut this year and sees limited economic impact from Iran war17 articles · 15 independent sources1 left, 9 center, 1 rightApril 2026
Apr 29Fed holds rates steady in Powell’s possible final chair meeting — What comes next?18 articles · 11 independent sources2 left, 5 center, 3 rightJuly 2026
Jul 15Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump7 articles · 7 independent sources0 left, 1 center, 0 right- Jul 28Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation8 articles · 8 independent sources0 left, 0 center, 1 right
September 2026
Sep 3– 4Fed’s Waller says central bank’s next rate move depends on upcoming inflation report14 articles · 11 independent sources3 left, 2 center, 1 right- Sep 10– 11Stubborn inflation raises prospect of Fed rate hike23 articles · 17 independent sources4 left, 6 center, 3 right
- Sep 13– 20Federal Reserve rate hike reflects new world of sticky inflation and faster growth300 articles · 112 independent sources26 left, 40 center, 22 right
- Sep 19America In Focus: affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%3 articles · 3 independent sources0 left, 1 center, 0 right
- Sep 20– 21Fed's Kashkari: Inflation still too high in 'all aspects' of economy4 articles · 3 independent sources2 left, 1 center, 0 right
- Sep 21Federal Reserve official says Iran war pushed her toward supporting rate hike4 articles · 4 independent sources1 left, 1 center, 0 right
- Sep 21– 22Federal Reserve official says fighting inflation likely to be ‘painful’14 articles · 13 independent sources4 left, 1 center, 0 right
- Sep 21– 22St. Louis Fed president says more rate hikes likely needed to quell inflation2 articles · 2 independent sources2 left, 0 center, 0 right
- Sep 22Boston Fed president backed rate hike because inflation wasn't improving fast enough2 articles · 2 independent sources2 left, 0 center, 0 right
- Sep 27– 28Fed raises rates for first time in years: What it means for your wallet3 articles · 3 independent sources1 left, 1 center, 1 right
- Sep 29– 30Fed's Barr says more rate hikes likely needed4 articles · 2 independent sources2 left, 1 center, 1 right
October 2026
Oct 7– 8Federal Reserve officials expect another rate hike will be needed this year, according to minutes15 articles · 15 independent sources3 left, 4 center, 1 right