BNewsO LIVE DESK · Updated 17/09/2026, 07:29 AM EST
Business & Finance Desk · BNewsO Global Bureau
Dateline: Washington, D.C. | Updated: 17/09/2026, 07:29 AM EST
US Federal Reserve raises interest rates for the first time since 2023 — Economy Report
BNewsO Report — US Federal Reserve raises interest rates for the first time since 2023
WASHINGTON, D.C. — Comprehensive coverage of the latest developments in the Business & Finance sector.
Trump urges lower rates after central bank agrees increase by quarter-percentage point to range of 3.75% to 4%The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation.The Fed’s open market committee voted unanimously to raise its benchmark interest rate by a quarter-percentage point to a range of 3.75% to 4%. This is the first time the Fed has raised rates since July 2023 and potentially sets Kevin Warsh, the current Fed chair, on a collision course with Donald Trump. Continue reading...Analysis & Implications
Industry experts suggest the trends highlighted above will have lasting effects. Continued monitoring and strategic adaptation are recommended.
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