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Fed Signals Another Rate Hike This Year to Fight Inflation

By Drooid · Oct 12, 2026, 10:21 PM UTC · How we work

Summary

Story summary

Federal Reserve officials expect another interest-rate increase this year to combat inflation.
The Fed raised its rate by a quarter-point to 3.9% at the Sept. 15-16 meeting, its first hike in three years.
President Donald Trump called the rate-setting committee “very political” for raising rates but praised Chairman Kevin Warsh.
Consumer prices rose 3.4% year-over-year, core prices 3%, and monthly inflation 0.3%.

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Story summary

Federal Reserve officials expect another interest-rate increase this year to combat inflation.
The Fed raised its rate by a quarter-point to 3.9% at the Sept. 15-16 meeting, its first hike in three years.
President Donald Trump called the rate-setting committee “very political” for raising rates but praised Chairman Kevin Warsh.
Consumer prices rose 3.4% year-over-year, core prices 3%, and monthly inflation 0.3%.