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EconomyFed raises interest rates for first time since 2023, defying Trump as inflation mounts

The Federal Reserve raised its benchmark interest rate on Wednesday for the first time since 2023, seeking to slow mounting inflation in a move that defied President Trump.

Federal Reserveinterest ratesinflationTrump

NNBC News★★★★☆2026-09-16 18:00Original

Fed raises interest rates for first time since 2023, defying Trump as inflation mounts
Fed raises interest rates for first time since 2023, defying Trump as inflation mountsEconomy