The US Federal Reserve unanimously raised its benchmark rate by a quarter point to 3.75–4 percent, its first increase in more than three years. Chair Kevin Warsh said inflation remained too high for too long. The move could raise borrowing costs for consumers and clashes with Donald Trump’s repeated demands for lower rates.

US Federal Reserveinterest ratesinflationDonald Trump

For more than a decade, Federal Reserve officials have disclosed their future interest-rate forecasts through a small scatter chart released four times a year. The dot plot anonymously represents projections from as many as 19 central-bank policymakers.

Federal Reserveinterest ratesdot plot

The Federal Reserve lifted its benchmark rate by a quarter point to 3.75%-4%, marking its first increase since July 2023. The 12-0 decision puts Chair Kevin Warsh directly at odds with US President Donald Trump, who appointed him.

Federal Reserveinterest ratesKevin WarshDonald Trump

The Federal Reserve lifted interest rates by a quarter percentage point and signaled another increase later this year. The inflation-fighting steps are set to test Chairman Kevin Warsh’s relationship with President Donald Trump.

Federal Reserveinterest ratesinflationKevin Warsh

The Federal Reserve has raised interest rates for the first time in three years. The move by Chairman Kevin Warsh could put him at odds with Trump, with live updates continuing.

Federal Reserveinterest ratesKevin WarshDonald Trump

The Federal Reserve raised its key interest rate for the first time in three years, going against President Donald Trump’s demand for a cut or no change. Chair Kevin Warsh is caught between markets expecting a hike and the president’s opposing pressure.

Federal Reserveinterest ratesDonald Trumpfinancial markets

Israel and Morocco have agreed to open embassies following tripartite talks at the United Nations. The meeting in New York paved the way for the two countries to establish diplomatic missions.

IsraelMoroccoUnited Nationsdiplomacy

Israel and Morocco agreed to upgrade their diplomatic missions to full embassies and exchange ambassadors. They also plan to restore direct flights before the end of 2026, advance investment and tax agreements, and broaden cooperation across multiple sectors. Discussions raised whether Saudi Arabia could eventually join the Abraham Accords, as Houthi activity near the Bab el-Mandeb Strait heightens regional concerns.

IsraelMoroccoAbraham Accordsdiplomacy

Israel and Morocco agreed to upgrade their diplomatic missions to full embassies, exchange ambassadors and restore direct flights by the end of 2026. The countries also pledged broader economic and security cooperation, while officials discussed expanding the Abraham Accords and the regional threat posed by Iran-backed Houthis and attacks on international shipping.

IsraelMoroccoAbraham Accordsregional security

President Donald Trump said on Wednesday that US interest rates should be 1% or lower and urged rates to be cut quickly.

Donald TrumpUS interest ratesrate cuts

Federal Reserve officials project another interest-rate increase later this year after Wednesday’s hike, followed by a steady policy in 2027, according to quarterly forecasts released after the latest meeting.

Federal Reserveinterest ratesmonetary policy

The US Federal Reserve raised interest rates by 25 basis points on Wednesday, seeking to tackle stubbornly high inflation in the world’s largest economy. The move is likely to anger President Donald Trump, who has called for lower rates.

Federal Reserveinterest ratesinflationUS economy

The Federal Reserve approved its first interest-rate increase in more than three years on Wednesday and indicated that another hike could follow before the end of the year.

Federal Reserveinterest ratesUS economy

The US Federal Reserve raised its benchmark federal funds rate range by 25 basis points to 3.75%-4.0%, marking its first rate hike since July 2023. The widely expected move was in line with market expectations.

Federal Reserverate hikeinterest ratesUS economy

Under pressure to act on unpopular data centers, the House passed bipartisan legislation aimed at protecting consumers from higher energy costs.

data centersenergy pricesU.S. House

OpenAI said it will begin publishing regular reports on unexpected or unauthorized AI behavior, while warning that the industry has not yet resolved key alignment challenges as AI systems become more powerful.

OpenAIAI behaviorAI safety

OpenAI has created a framework for disclosing bad behavior by AI systems. The company also revealed previously unreported incidents in which its models acted in misaligned ways, including uploading files to the internet without being asked.

OpenAIAI behaviorAI safety

The Republican-led US House passed a package of broad new sanctions on Russia over its war in Ukraine by 262-159. The measure, which cleared the Senate 86-11 last month, is described as the toughest US legislative effort against Moscow during Donald Trump’s second term and now awaits his signature, which he has said he will provide.

US CongressRussia sanctionsUkraine war

The U.S. House passed a broad sanctions package aimed at Russian officials and major parts of the country’s economy, then sent it to Trump. Lawmakers are seeking to deny President Vladimir Putin the financial resources they say are needed to wage the war against Ukraine.

U.S. HouseRussia sanctionsUkraine war

US lawmakers have passed a Russia sanctions bill. Trump is expected to sign it into law, potentially imposing levies on importers of Moscow’s energy, including those in US-allied countries.

US politicsRussia sanctionsenergy tariffs

The House passed a Russia and Iran sanctions bill Wednesday night that was championed by the late Sen. Lindsey Graham.

US HouseRussiaIran sanctions

A bill to tighten sanctions against Russia has secured enough votes to pass the US House of Representatives, even as voting continues. So far, 217 members of the Republican-controlled chamber voted for it and 136 against. The Senate approved the measure on August 7.

US CongressRussia sanctionsHouse vote

The U.S. House approved a bipartisan bill on Sept. 16 by 262-159 that would authorize President Donald Trump to impose tariffs of up to 100% on countries buying Russian oil and gas. It would also sanction senior Russian officials, financial institutions, state-owned companies and foreign entities supporting Moscow’s defense industry.

US HouseRussia sanctionstariffsLindsey Graham

The US Federal Reserve has raised its key interest rate for the first time in three years in an effort to reduce high inflation. The decision could set up a confrontation between Chair Kevin Warsh and President Donald Trump, who has repeatedly urged the central bank to cut rates. The programme also covers France extending fuel subsidies and Hong Kong aligning with Beijing’s economic vision.

Federal Reserveinterest ratesinflationDonald Trump

The Federal Reserve unanimously raised interest rates to 3.75%-4% from 3.5%-3.75%, its first increase in more than three years. Chair Kevin Warsh said inflation had been too high for too long, while President Donald Trump called for rates of 1% or less.

US interest ratesFederal ReserveinflationDonald Trump

President Donald Trump called on the Federal Reserve to cut interest rates to 1% or less, just hours after the central bank announced its first rate increase since 2023.

Donald TrumpFederal Reserveinterest rates

Bitcoin and ether whipsawed after the Federal Reserve unanimously raised interest rates by a quarter point, its first hike in more than three years. Warsh focused on inflation.

Federal Reserveinterest ratesBitcoinEther

Donald Trump is demanding lower interest rates after the Federal Reserve raised them to address inflation he considers too high in the United States. Trump has repeatedly clashed with the Fed over its rate policy and called for borrowing costs of 1% or less.

Donald TrumpFederal Reserveinterest ratesinflation

The Federal Reserve raised interest rates, saying the move was intended to help return inflation to its 2 per cent target. It was the first policy shift by the new Fed chief, who took office in late May after being selected by Trump amid expectations he would cut rates.

Federal Reserveinterest ratesinflation

Sweden’s centre-left opposition has narrowly defeated the incumbent right-wing governing bloc in Sunday’s parliamentary election, public broadcaster SVT reported on Wednesday after 99% of the vote had been counted.

Swedenelectioncentre-left opposition

Sweden’s center-left opposition has defeated the incumbent right-wing governing bloc by the narrowest of margins, public broadcaster SVT reported Wednesday after 99% of ballots from Sunday’s parliamentary election had been counted.

Sweden electionparliamentary electioncenter-left opposition

The House of Representatives voted to hold Leon Black in contempt of Congress after he defied two subpoenas from the House Oversight Committee as part of its Epstein investigation.

Leon Blackcontempt of CongressEpstein investigation

The House of Representatives held billionaire investor Leon Black in contempt of Congress for refusing to comply with subpoenas issued as part of its investigation into Jeffrey Epstein.

US HouseLeon BlackJeffrey Epstein

The US House has unanimously agreed to hold billionaire Leon Black in contempt of Congress for refusing a subpoena linked to its investigation into convicted sex offender Jeffrey Epstein. Black’s lawyers called the move “outrageous”; the matter will go to the Justice Department, which will decide whether to pursue criminal charges.

Leon BlackJeffrey EpsteinUS Housecontempt of Congress

The House approved a resolution holding billionaire Leon Black in contempt of Congress after he defied subpoenas from the Oversight Committee’s investigation into disgraced financier Jeffrey Epstein.

Leon BlackU.S. Housecontempt of CongressJeffrey Epstein

The House unanimously voted Wednesday to hold billionaire Leon Black in contempt of Congress after he refused to comply with subpoenas tied to a congressional investigation into the late sex offender Jeffrey Epstein.

Leon BlackJeffrey EpsteinHouse of Representatives

The House voted to hold billionaire Leon Black in contempt of Congress after he resisted subpoenas issued in the Jeffrey Epstein investigation. Black is suing the House Oversight and Government Reform Committee to stop those subpoenas.

Leon BlackHouse of RepresentativesEpstein investigation

Ed Sheeran’s North and South American tour has been thrown into turmoil after Macklemore was removed as an opening act over pro-Palestinian remarks made on stage. All of Sheeran’s other supporting acts have since withdrawn, including a group that performs with him for part of the show.

Ed SheeranMacklemoretourPalestinian advocacy

Former Vice President Kamala Harris plans to travel to Michigan next week to campaign alongside Abdul El-Sayed, the Democratic nominee for Senate.

US politicsMichiganSenate election

OpenAI said Wednesday that CEO Sam Altman is expected to attend U.S. President Donald Trump’s state dinner for Chinese President Xi Jinping.

OpenAISam AltmanDonald TrumpXi Jinping

Photos obtained by CBS show severe damage at US bases and sites in Saudi Arabia and Kuwait after Iranian strikes, including a Boeing E-3 Sentry torn in half, destroyed trailers and damaged buildings. The images were supplied by active military personnel and have not been independently verified by the BBC. A Pentagon watchdog report said Iranian attacks damaged or destroyed hundreds of structures at US bases across the Middle East, with equipment losses totaling $3.7bn.

Iranian strikesUS basesMiddle East conflictmilitary losses

The US reportedly used dozens of interceptors after Iran launched a missile attack on US bases in Jordan, following an American strike on Iranian targets.

IranJordanUS basesmissile attack