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

https://mins.news/en/item/61459

- NBC News, 2026-09-16 18:00 UTC
- Economy
- Original: https://www.nbcnews.com/business/economy/fed-raises-rates-defying-trump-rcna598148

> 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.

## Stories

- [US Interest Rate Policy and Economic Data](https://mins.news/en/topic/us-labor-market-and-jobs-data) — Markdown: https://mins.news/en/topic/us-labor-market-and-jobs-data.md

## Related coverage

- [Fed raises key interest rate for the first time since 2023 to quell high inflation](https://mins.news/en/video/62177) — The Associated Press, 2026-09-17
- [What do higher rates mean for borrowers and savers?](https://mins.news/en/item/61802) — Reuters, 2026-09-16
- [Fed raises rates for first time since 2023 in unanimous vote defying Trump](https://mins.news/en/item/61494) — euronews, 2026-09-16
- [Federal Reserve raises key rate for first time in three years, defying Trump’s call for a cut](https://mins.news/en/item/61456) — The Associated Press, 2026-09-16
