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Fed Raises Rates 0.25% to 3.75%-4% Band

By Drooid · Sep 17, 2026, 3:22 PM UTC · How we work

Summary

Story summary

The Federal Reserve raised its target rate by 0.25 % to a 3.75-4 % band with a 12-0 vote.
Fed Chair Kevin Warsh said inflation stays high, noting August CPI up 0.4 % and petrol up 3.9 %.
Warsh projected another rate increase this year, aiming for a 4.1 % level.
President Donald Trump urged the Fed to cut rates and called the hike “rather unfortunate”.

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Story summary

The Federal Reserve raised its target rate by 0.25 % to a 3.75-4 % band with a 12-0 vote.
Fed Chair Kevin Warsh said inflation stays high, noting August CPI up 0.4 % and petrol up 3.9 %.
Warsh projected another rate increase this year, aiming for a 4.1 % level.
President Donald Trump urged the Fed to cut rates and called the hike “rather unfortunate”.