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Fed Chair Considers Rate Hike at Sept. 16 FOMC

By Drooid · Sep 11, 2026, 3:50 PM UTC · How we work

Summary

Story summary

Fed Chair Kevin Warsh will consider a rate hike at the September 16 FOMC meeting.
August CPI is forecast to rise 0.4% month-over-month, reaching 3.4% year-over-year.
Mortgage rates climbed to 7.07% as the 10-year Treasury yield hit its highest level since 2007.
Warsh’s Jackson Hole speech said the Fed’s primary inflation target is the 2% PCE price index.

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Story summary

Fed Chair Kevin Warsh will consider a rate hike at the September 16 FOMC meeting.
August CPI is forecast to rise 0.4% month-over-month, reaching 3.4% year-over-year.
Mortgage rates climbed to 7.07% as the 10-year Treasury yield hit its highest level since 2007.
Warsh’s Jackson Hole speech said the Fed’s primary inflation target is the 2% PCE price index.