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.

Photo from Axios, with Federal Reserve officials expect another rate hike will be needed this year, according to minutes (Oct 7, 2026), the story with the most independent sources this week.

Earliest story we hold Aug 25, 2022 · 102 stories · 371 independent sources (counted once each) · 1504 days

Part of The Federal Reserve

  1. The Federal Reserve's interest rates, from the 2022 hikes to the 2026 reversalThis arcAug 25, 2022 – Oct 7, 2026
  2. 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

Oct 7– 82026Federal Reserve officials expect another rate hike will be needed this year, according to minutes15 articles · 15 independent sources
3 left, 4 center, 1 right
Sep 29– 302026Fed's Barr says more rate hikes likely needed4 articles · 2 independent sources
2 left, 1 center, 1 right
Sep 27– 282026Fed raises rates for first time in years: What it means for your wallet3 articles · 3 independent sources
1 left, 1 center, 1 right

Key momentsthe most covered; every story is below

  1. May 1 – 3, 2023Fed raises key rate but hints it may pause amid bank turmoil104 articles · 55 independent sources
  2. Jul 26 – 27, 2023Federal Reserve raises key rate for 11th time by a quarter-point in drive to slow inflation110 articles · 46 independent sources
  3. Sep 18 – 19, 2024Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight111 articles · 56 independent sources
  4. Nov 4 – 8, 2024Federal Reserve cuts its key interest rate by a quarter-point on heels of election94 articles · 58 independent sources
  5. Dec 18 – 19, 2024Federal Reserve cuts its key rate by a quarter-point, but envisions fewer reductions next year88 articles · 54 independent sources
  6. Sep 16 – 18, 2025Fed rate cuts: What they mean for you109 articles · 55 independent sources
    1. Sep 16, 2025What a Fed rate cut could mean for your wallet
    2. Sep 17, 2025Fed cuts key interest rate, signals two more this year
  7. Sep 13 – 20, 2026Federal Reserve rate hike reflects new world of sticky inflation and faster growth300 articles · 112 independent sources
    1. Sep 13, 2026Warsh and Trump on collision course as investors expect Fed to raise rates
    2. Sep 15, 2026Federal Reserve is expected to raise its benchmark rate, defying Trump's demands
    3. Sep 15, 2026Fed Expected To Raise Rates As Inflation Lingers
    4. Sep 16, 2026US Fed raises rates to tackle 'too high' inflation, irking Trump
    5. Sep 17, 2026Why the Federal Reserve is lifting rates now, and what it means

Who covered it, over timeindependent sources per week, by side

Aug 2022Jun 2023Apr 2024Feb 2025Dec 2025Oct 2026

LeftCenterRight

Point at or tap a week to see its count by side.

Every week as a table
Week ofLeftCenterRightArticles
Aug 22, 20221013496
Sep 19, 2022517679
Oct 31, 202257655
Nov 28, 202245319
Dec 12, 202267237
Jan 30, 2023910286
Feb 6, 202311110
Mar 6, 202376364
May 1, 202314189101
May 29, 20230125
Jun 12, 20236141180
Jun 19, 202347325
Jul 3, 20230315
Jul 24, 20234179110
Aug 21, 2023811838
Sep 18, 2023915979
Oct 16, 20232328
Oct 30, 2023612542
Nov 6, 20231316
Nov 27, 20230417
Dec 11, 2023814566
Jan 1, 20240217
Jan 15, 20240327
Jan 29, 20241011343
Feb 5, 202446433
Mar 4, 202459323
Mar 11, 20240101
Mar 18, 2024913753
Mar 25, 20241028
Apr 1, 202433216
Apr 8, 20242238
Apr 29, 202468643
May 13, 202442112
May 27, 20242105
Jun 10, 2024514654
Jul 1, 202413010
Jul 8, 202425114
Jul 29, 202458149
Aug 19, 202410201088
Sep 2, 202415010
Sep 9, 202428144
Sep 16, 2024102510151
Sep 23, 202404111
Nov 4, 2024923991
Dec 2, 20241418
Dec 16, 20246227115
Jan 27, 2025514131
Feb 17, 202503012
Apr 14, 202503011
May 5, 20250305
Jun 30, 20250227
Jul 7, 20250216
Jul 28, 202559537
Aug 18, 202547639
Sep 15, 202572310104
Sep 22, 20250218
Oct 6, 20250316
Oct 27, 2025714658
Dec 8, 2025617668
Jan 26, 202628320
Mar 16, 202619117
Apr 27, 202625317
Jul 13, 20260107
Jul 27, 20260018
Aug 31, 202632114
Sep 7, 202646325
Sep 14, 2026264121297
Sep 21, 202664127
Sep 28, 20263115
Oct 5, 202634115

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

  1. August 2022

    Aug 25– 26Jackson Hole: Fed Chair Jerome Powell Talks Tough On Inflation7 articles · 7 independent sources
    2 left, 4 center, 1 right
  2. Aug 26Another interest rate hike is likely in coming months, Fed Reserve Chair says33 articles · 6 independent sources
    0 left, 3 center, 0 right
  3. Aug 26Powell: Fed's inflation fight could bring 'pain,' job losses33 articles · 24 independent sources
    6 left, 3 center, 4 right
  4. Aug 26Powell: Fed could keep lifting rates sharply 'for some time'24 articles · 16 independent sources
    3 left, 3 center, 0 right
  5. September 2022

    Sep 21Fed attacks inflation with another big hike and expects more83 articles · 44 independent sources
    5 left, 17 center, 6 right
  6. October 2022

    Oct 31– Nov 2Fed unleashes another big rate hike but hints at a pullback37 articles · 27 independent sources
    4 left, 4 center, 6 right
  7. November 2022

    Nov 2Federal Reserve raises interest rate by three-quarters of a point19 articles · 8 independent sources
    1 left, 3 center, 1 right
  8. Nov 30Powell: Fed to keep rates higher for longer to cut inflation10 articles · 7 independent sources
    3 left, 0 center, 0 right
  9. Nov 30Jerome Powell Says Federal Reserve’s Rate Hikes Could Slow As Soon As December9 articles · 9 independent sources
    1 left, 5 center, 3 right
  10. 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 sources
    4 left, 6 center, 2 right
  11. Dec 14Fed raises key interest rate by half a point, signals more to come21 articles · 10 independent sources
    2 left, 1 center, 0 right
  12. January 2023

    Jan 31– Feb 2Here's what the Fed interest rate hike means for you88 articles · 36 independent sources
    9 left, 10 center, 2 right
  13. February 2023

    Feb 7Fed's Powell: Strong hiring could force further rate hikes10 articles · 10 independent sources
    1 left, 1 center, 1 right
  14. March 2023

    Mar 7Senate will grill Powell over Fed efforts to tame inflation65 articles · 24 independent sources
    7 left, 6 center, 3 right
  15. May 2023

    May 1– 3Fed raises key rate but hints it may pause amid bank turmoil104 articles · 55 independent sources
    14 left, 18 center, 9 right
  16. June 2023

    Jun 1Federal Reserve likely to skip interest rate hike at next meeting in June, officials signal5 articles · 5 independent sources
    0 left, 1 center, 2 right
  17. Jun 12– 14Fed pauses rate hikes but forecasts more increases as inflation remains too high36 articles · 25 independent sources
    5 left, 9 center, 8 right
  18. Jun 14Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come4 articles · 4 independent sources
    0 left, 1 center, 2 right
  19. Jun 14Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year42 articles · 20 independent sources
    1 left, 4 center, 2 right
  20. Jun 21– 22Fed’s Powell reinforces likelihood of more rate hikes22 articles · 16 independent sources
    4 left, 5 center, 2 right
  21. Jun 21Fed Chair Powell is heading to Capitol Hill. Here's what to expect4 articles · 3 independent sources
    0 left, 2 center, 1 right
  22. July 2023

    Jul 5Fed officials signal more rate hikes to come, meeting minutes show5 articles · 4 independent sources
    0 left, 3 center, 1 right
  23. Jul 26– 27Federal Reserve raises key rate for 11th time by a quarter-point in drive to slow inflation110 articles · 46 independent sources
    4 left, 17 center, 9 right
  24. August 2023

    Aug 23– 25Powell at Jackson Hole: Economy's solid growth could require additional Fed hikes to fight inflation39 articles · 34 independent sources
    8 left, 11 center, 8 right
  25. September 2023

    Sep 19– 21Fed pauses interest rate hikes in September but could raise rates again this year80 articles · 43 independent sources
    9 left, 15 center, 9 right
  26. October 2023

    Oct 19Powell says inflation is still too high and lower economic growth is likely needed to bring it down8 articles · 8 independent sources
    2 left, 3 center, 2 right
  27. Oct 31– Nov 1Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike13 articles · 13 independent sources
    2 left, 3 center, 2 right
  28. November 2023

    Nov 1Fed Reserve keeps interest rates at 22-year high22 articles · 17 independent sources
    4 left, 7 center, 2 right
  29. Nov 1Federal Reserve leaves interest rates unchanged despite stubborn inflation8 articles · 3 independent sources
    0 left, 2 center, 1 right
  30. Nov 9Powell reinforces Fed's cautious approach toward further interest rate hikes6 articles · 6 independent sources
    1 left, 3 center, 1 right
  31. December 2023

    Dec 1Fed Chair Powell calls talk of cutting rates ‘premature' and says more hikes could happen7 articles · 7 independent sources
    0 left, 4 center, 1 right
  32. Dec 11– 14Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year43 articles · 26 independent sources
    5 left, 10 center, 5 right
  33. Dec 11Fed set to leave interest rates unchanged while facing speculation about eventual rate cuts10 articles · 4 independent sources
    0 left, 2 center, 0 right
  34. Dec 13The Fed once again held interest rates steady as inflation slowly comes back to normal8 articles · 6 independent sources
    3 left, 3 center, 0 right
  35. Dec 15Fed's John Williams says the central bank isn't ‘really talking about rate cuts right now'6 articles · 6 independent sources
    1 left, 2 center, 2 right
  36. January 2024

    Jan 3Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show7 articles · 5 independent sources
    0 left, 2 center, 1 right
  37. Jan 30– 31Federal Reserve signals that interest rate cuts aren't imminent and leaves them unchanged for now44 articles · 31 independent sources
    10 left, 11 center, 3 right
  38. February 2024

    Feb 5Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy24 articles · 22 independent sources
    3 left, 5 center, 3 right
  39. Feb 8Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?9 articles · 9 independent sources
    1 left, 1 center, 2 right
  40. March 2024

    Mar 6Powell Reiterates Fed Needs More Confidence on Inflation to Cut24 articles · 21 independent sources
    5 left, 9 center, 3 right
  41. Mar 17– 21Fed leaves interest rates steady as officials debate timing for cuts48 articles · 27 independent sources
    8 left, 11 center, 6 right
  42. Mar 20Fed still foresees 3 rate cuts this year but envisions higher rates in future7 articles · 6 independent sources
    1 left, 3 center, 1 right
  43. Mar 29Powell says Fed wants to see 'more good inflation readings' before it can cut rates8 articles · 8 independent sources
    1 left, 0 center, 2 right
  44. April 2024

    Apr 3Powell: Fed still sees rate cuts this year; election timing won't affect decision10 articles · 10 independent sources
    1 left, 2 center, 2 right
  45. Apr 6When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all6 articles · 6 independent sources
    3 left, 1 center, 0 right
  46. Apr 10US Fed officials raised inflation concerns, but still expected rate cuts in 2024: minutes8 articles · 8 independent sources
    2 left, 2 center, 3 right
  47. Apr 30– May 1Fed holds rates steady as inflation casts doubt on future cuts29 articles · 20 independent sources
    5 left, 5 center, 6 right
  48. May 2024

    May 1Fed says interest rates will stay at two-decade high until inflation further cools15 articles · 11 independent sources
    1 left, 3 center, 0 right
  49. May 13Are US interest rates high enough to beat inflation? The Fed will take its time to find out6 articles · 5 independent sources
    2 left, 1 center, 0 right
  50. May 14Fed's Powell says confidence that inflation will slow is 'not as high' as before6 articles · 6 independent sources
    2 left, 1 center, 1 right
  51. May 30Fed's Williams says inflation is too high but will start coming down soon5 articles · 4 independent sources
    2 left, 1 center, 0 right
  52. June 2024

    Jun 10– 12Federal Reserve sees some progress on inflation but envisions just one rate cut this year17 articles · 11 independent sources
    1 left, 5 center, 0 right
  53. Jun 11– 13Fed holds interest rates steady, projects just one cut this year37 articles · 23 independent sources
    4 left, 9 center, 6 right
  54. July 2024

    Jul 2Fed Chair Jerome Powell: US inflation is slowing again, though it isn't yet time to cut rates10 articles · 10 independent sources
    1 left, 3 center, 0 right
  55. Jul 9Fed's Powell highlights slowing job market in signal that rate cuts may be nearing15 articles · 15 independent sources
    2 left, 5 center, 1 right
  56. Jul 29– 31First interest rate cut in 4 years likely on the horizon as the Federal Reserve meets14 articles · 9 independent sources
    1 left, 3 center, 0 right
  57. Jul 31Fed holds interest rates steady, but cut expected soon28 articles · 8 independent sources
    2 left, 4 center, 1 right
  58. Jul 31The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing8 articles · 6 independent sources
    2 left, 2 center, 0 right
  59. August 2024

    Aug 21– 22Fed’s minutes suggest rate cut in September16 articles · 14 independent sources
    2 left, 5 center, 3 right
  60. Aug 22– 23Stock market today: Wall Street rallies after Fed’s chair says ‘time has come’ for cuts to rates7 articles · 5 independent sources
    2 left, 3 center, 0 right
  61. Aug 23– 24Fed Chair Powell says 'time has come' for shift toward interest rate cuts67 articles · 43 independent sources
    7 left, 14 center, 9 right
  62. September 2024

    Sep 5– 6Jobs report will help Federal Reserve decide how much to cut interest rates10 articles · 10 independent sources
    1 left, 5 center, 0 right
  63. Sep 11US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates44 articles · 27 independent sources
    2 left, 8 center, 1 right
  64. Sep 16– 23Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead49 articles · 20 independent sources
    4 left, 9 center, 6 right
  65. Sep 18– 19Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight111 articles · 56 independent sources
    6 left, 19 center, 5 right
  66. Sep 27Richmond Fed president urges caution on interest rate cuts because inflation isn't defeated6 articles · 6 independent sources
    0 left, 2 center, 1 right
  67. November 2024

    Nov 4– 8Federal Reserve cuts its key interest rate by a quarter-point on heels of election94 articles · 58 independent sources
    9 left, 23 center, 9 right
  68. December 2024

    Dec 2– 3A top Fed official leans toward December rate cut but says it depends on economic data8 articles · 8 independent sources
    1 left, 4 center, 1 right
  69. Dec 16Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated30 articles · 12 independent sources
    0 left, 3 center, 0 right
  70. Dec 18– 19Federal Reserve cuts its key rate by a quarter-point, but envisions fewer reductions next year88 articles · 54 independent sources
    6 left, 20 center, 7 right
  71. January 2025

    Jan 27– 30The Federal Reserve holds interest rates steady as inflation remains stubborn31 articles · 22 independent sources
    5 left, 14 center, 1 right
  72. February 2025

    Feb 20CNBC Daily Open: Rates might be paused as the Fed is concerned over Trump's tariffs12 articles · 2 independent sources
    0 left, 3 center, 0 right
  73. April 2025

    Apr 16Fed Chair Powell says Federal Reserve can wait on any interest rate moves11 articles · 7 independent sources
    0 left, 3 center, 0 right
  74. May 2025

    May 7Federal Reserve to face tough balancing act between fighting inflation and lifting growth5 articles · 4 independent sources
    0 left, 3 center, 0 right
  75. July 2025

    Jul 1Powell says the Fed would have cut rates this year if it weren’t for tariffs7 articles · 7 independent sources
    0 left, 2 center, 2 right
  76. Jul 9Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show6 articles · 4 independent sources
    0 left, 2 center, 1 right
  77. Jul 30– 31The Fed holds interest rates steady despite intense pressure from Trump37 articles · 19 independent sources
    5 left, 9 center, 5 right
  78. August 2025

    Aug 22Powell signals Fed may cut rates soon even as inflation risks remain40 articles · 29 independent sources
    4 left, 7 center, 6 right
  79. September 2025

    Sep 16– 18Fed rate cuts: What they mean for you109 articles · 55 independent sources
    7 left, 23 center, 10 right
  80. Sep 23Powell signals Federal Reserve to move slowly on interest rate cuts8 articles · 8 independent sources
    0 left, 2 center, 1 right
  81. October 2025

    Oct 8Most Fed officials supported further rate cuts as job worries rose: meeting minutes6 articles · 6 independent sources
    0 left, 3 center, 1 right
  82. Oct 28– 29Federal Reserve cuts key rate as government shutdown clouds economic outlook60 articles · 36 independent sources
    7 left, 14 center, 6 right
  83. December 2025

    Dec 10– 11Federal Reserve votes to cut interest rates for a 3rd time70 articles · 43 independent sources
    6 left, 17 center, 6 right
  84. January 2026

    Jan 27– 28Federal Reserve may keep rates unchanged for months as economy shows signs of health16 articles · 13 independent sources
    2 left, 6 center, 0 right
  85. Jan 28Federal Reserve holds interest rates steady6 articles · 6 independent sources
    0 left, 2 center, 3 right
  86. March 2026

    Mar 17– 18Federal Reserve projects one rate cut this year and sees limited economic impact from Iran war17 articles · 15 independent sources
    1 left, 9 center, 1 right
  87. April 2026

    Apr 29Fed holds rates steady in Powell’s possible final chair meeting — What comes next?18 articles · 11 independent sources
    2 left, 5 center, 3 right
  88. July 2026

    Jul 15Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump7 articles · 7 independent sources
    0 left, 1 center, 0 right
  89. Jul 28Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation8 articles · 8 independent sources
    0 left, 0 center, 1 right
  90. September 2026

    Sep 3– 4Fed’s Waller says central bank’s next rate move depends on upcoming inflation report14 articles · 11 independent sources
    3 left, 2 center, 1 right
  91. Sep 10– 11Stubborn inflation raises prospect of Fed rate hike23 articles · 17 independent sources
    4 left, 6 center, 3 right
  92. Sep 13– 20Federal Reserve rate hike reflects new world of sticky inflation and faster growth300 articles · 112 independent sources
    26 left, 40 center, 22 right
  93. Sep 20– 21Fed's Kashkari: Inflation still too high in 'all aspects' of economy4 articles · 3 independent sources
    2 left, 1 center, 0 right
  94. Sep 21Federal Reserve official says Iran war pushed her toward supporting rate hike4 articles · 4 independent sources
    1 left, 1 center, 0 right
  95. Sep 21– 22Federal Reserve official says fighting inflation likely to be ‘painful’14 articles · 13 independent sources
    4 left, 1 center, 0 right
  96. Sep 21– 22St. Louis Fed president says more rate hikes likely needed to quell inflation2 articles · 2 independent sources
    2 left, 0 center, 0 right
  97. Sep 22Boston Fed president backed rate hike because inflation wasn't improving fast enough2 articles · 2 independent sources
    2 left, 0 center, 0 right
  98. Sep 27– 28Fed raises rates for first time in years: What it means for your wallet3 articles · 3 independent sources
    1 left, 1 center, 1 right
  99. Sep 29– 30Fed's Barr says more rate hikes likely needed4 articles · 2 independent sources
    2 left, 1 center, 1 right
  100. October 2026

    Oct 7– 8Federal Reserve officials expect another rate hike will be needed this year, according to minutes15 articles · 15 independent sources
    3 left, 4 center, 1 right