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US interest rates raised for first time in three years
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
Brief by WorldPing · Original reporting by BBC News
What to know about US Federal Reserve’s first interest rate hike in 3 years
What happened
The unanimous decision comes as prices have remained stubbornly high and despite Trump's demands for lower rates.
Key facts
- Reported by Al Jazeera and published Wed, 16 Sep 2026 23:03:37 UTC.
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What to know about US Federal Reserve’s first interest rate hike in 3 years
Sources
The original report was published by Al Jazeera. WorldPing does not claim that reporting — this page summarises and contextualises it.
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