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The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday, taking the federal funds target range to 3.75%-4% and raising the costs of taking on debt for consumers. It's the first rate hike under recently appointed Fed Chair Kevin Warsh and the first since 2023, and it comes as inflation remains stubbornly above the Fed' s…

WASHINGTON- The Federal Reserve raised interest rates on Wednesday and flagged more hikes in the coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration's inability so far to control inflation that policymakers worry could worsen. While President Donald Trump had…

The Federal Reserve Wednesday raised its interest rate target by 25 points, to 4.0%, the first hike under new Chairman Kevin Warsh and the first in three years. President Trump later slammed the move, meant to help stem inflation, saying the interest rate should be at the most 1%. "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in…

COLBY S MITH The New York Times. The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, the first increase in more than three years and a significant step by Kevin Warsh, the central bank’ s chair, to combat elevated inflation. He added that the U.S. economy remained strong and unemployment was low, justifying the Fed removing what…

—President Trump Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. "I'm relying on Kevin, but he's got a very tough board," Trump told reporters after landing in North Carolina. "He's got a board that was put there by a lot of other people."

US President Donald Trump on Wednesday leveled his most pointed- though still indirect- criticism yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank's move to raise interest rates in a bid to calm persistent inflation. "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World- BY FAR,"…

—The Bank of England is expected to keep interest rates unchanged Thursday even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices. Interest rates in the U.K. had been trending downward from a 15- year high of 5.25% until the U.S. and Israel attacked Iran in late February.

The U.S. Securities and Exchange Commission and Commodity and Futures Trading Commission are expected to use their existing powers to set rules for digital asset market structure after the U.S. Senate failed to vote through the CLARITY Act on 15 September 2026. Ryan VanGrack, vice chairman of crypto exchange and infrastructure provider Coinbase, said: "If…

From mortgages to auto loans to credit cards, borrowing is set to get even pricier. But the Federal Reserve’ s decision on Sept. 16, 2026, to hike its baseline interest rate also highlighted an increasingly confounding dilemma: It can raise the price of money across the economy, but it can’ t determine which sectors are most affected. But the Fed’ s action also…

The Federal Reserve raised interest rates a quarter point Wednesday, its first increase in three years, a unanimous move that came despite President Donald Trump's demands for cuts, with officials signaling more increases could follow this year. The increase keeps short-term borrowing costs elevated heading into fall for credit cards and auto loans, and can…

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee, under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the first time the Fed has hiked rates…

For a third time, the U.S. House has voted to end the war in Iran, approving a war powers resolution that would halt President Donald Trump’ s ability to continue military action without congressional approval. Trump is in North Carolina on Wednesday to campaign with Republican Senate nominee Michael Whatley as the former national party chairman tries to shore…

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. United States Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement:. "Donald Trump is driving up costs so much that even his sock puppet at the Fed might raise interest rates.

Many gold investors are anxiously waiting to hear what rate decision will come out of the September meeting of the Federal Reserve. While the decision made may have an effect on the gold market, the impact is unlikely to be as durable as the effects of the current actions that the U.S. Treasury is already […]

War in Iran has created a global fuel shortage that is driving up oil prices, which has a trickle down effect on consumers, and the latest economic measures show inflation remains sticky, threatening to grow more. "The responsibility for 65 months of sustained, elevated inflation sits squarely with the central bank," Kevin Warsh, Federal Reserve chairman, said in an…

—U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’ s high inflation under control. The U.S. stock market initially held onto its modest, early gains after the Fed announced its decision. But stock prices weakened later in the day as Fed…