Federal Reserve hikes key rate for 1st time in 3 years

Name: Federal Reserve hikes key rate for 1st time in 3 years
Uploaded: 2026-09-16T22:34:45.966Z
Duration: 2 min 28 s
Description: The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House.

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House.

WRAL Staff

Posted 9/16/2026, 10:34:45 PM