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Fed hikes interest rates by quarter-point

The Hill·September 16, 2026·1 min read
Fed hikes interest rates by quarter-point

The Federal Reserve raised interest rates Wednesday for the first time in several years, voting unanimously to increase the federal funds rate to a range of 3.75 to 4 percent. The move, under Fed Chair Kevin Warsh, responds to stubborn inflation pressures in the economy.

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