EconomyUS Fed hikes rates for first time since 2023 as inflation stays sticky
The Federal Reserve raised its policy rate by 25 basis points to 3.75%-4%, its first increase since July 2023, citing persistently elevated inflation. The decision passed unanimously, 12-0. Analysts viewed the hawkish move as leaving another hike possible before year-end, while Chair Kevin Warsh avoided committing to a prolonged tightening cycle and defended Fed independence amid Donald Trump's calls for cuts.
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CGTN★★★★☆2026-09-16 22:58Original
US Fed hikes rates for first time since 2023 as inflation stays sticky
Economy