Story perspectives

Fed Raises Benchmark Rate to 3.9%, Lifting Mortgages

By Drooid · Sep 20, 2026, 10:23 PM UTC · How we work

Summary

Story summary

The Federal Reserve (Fed) raised its benchmark interest rate to 3.9% on Wednesday.
Fed Chair Kevin Warsh said expanding capital is flowing into AI-related infrastructure, shifting growth dynamics.
President Donald Trump posted on Truth Social that U.S. rates should be 1% after the Fed hike.
The average 30-year mortgage rate rose to 6.95% last week, the highest in over a year and a half.

1 of 1

Story summary

The Federal Reserve (Fed) raised its benchmark interest rate to 3.9% on Wednesday.
Fed Chair Kevin Warsh said expanding capital is flowing into AI-related infrastructure, shifting growth dynamics.
President Donald Trump posted on Truth Social that U.S. rates should be 1% after the Fed hike.
The average 30-year mortgage rate rose to 6.95% last week, the highest in over a year and a half.