EconomyUS Fed raises interest rates as inflation weighs on economy

The US Federal Reserve raised rates by 25 basis points to 3.75–4 percent, its first increase in more than three years. The move comes weeks before the US midterm elections as inflation remains elevated, fueled in part by soaring fuel prices amid the US-Iran war. Officials project one more increase this year.

Federal Reserveinterest ratesinflationUS economy

AAl Jazeera★★★★☆2026-09-16 18:03Original