Federal Reserve rate hike reflects new world of sticky inflation and faster growth
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023, aiming to slow down inflation that has recently picked up. This rate increase will make borrowing more expensive for mortgages and credit cards, though it benefits people who save money. President Trump has criticized the decision, but economists say the Fed's actions matter less than broader economic trends for long-term borrowing costs.
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The story so far
8 developments- Sep 13Warsh and Trump on collision course as investors expect Fed to raise rates
- Sep 14Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands
- Sep 16US Fed raises rates to tackle 'too high' inflation, irking Trump
- Sep 17Why the Federal Reserve is lifting rates now, and what it means
- Sep 20Only center coverage:Federal Reserve rate hike reflects new world of sticky inflation and faster growth
Who covered each development
No new developments
Quiet for 9 daysLast development · Sep 20 — Federal Reserve rate hike reflects new world of sticky inflation and faster growth
The bigger story
- Trump's fight with the Federal Reserve over Jerome Powell and Lisa Cookearliest story we hold Nov 7 · 92 stories · 89 before this oneNov 4, 2024week of Sep 21, 2026
- The Federal Reserve's rate-cut cycle and reversal, 2023-2026earliest story we hold Dec 11 · 30 stories · 29 before this oneDec 11, 2023week of Sep 14, 2026
Left
26 viewpointsWorld Economy Latest: Fed Boosts Interest Rates, Signals Another 2026 Hike
What a Fed Rate Hike Means for Credit Card Debt, Car Loans and Savers
Center
40 viewpointsMortgage rates drop, still good time to buy a home after Fed increases interest rate
Right
22 viewpointsFederal Reserve rate hike reflects new world of sticky inflation and faster growth
Why the Federal Reserve is lifting rates now, and what it means
Mortgage rates jump to nearly 7% after Fed rate hike — highest in nearly two years
Fed Rate Hike Means Tiny Increase on Credit Cards, Little Impact on Car Loans and Mortgages
Other outlets
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Left
5 articles‘Inflation is too high and has been for too long,’ says Kevin Warsh as Fed announces rate hikes – live
US Federal Reserve raises interest rates for the first time since 2023
What to know about US Federal Reserve’s first interest rate hike in 3 years
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