US Federal Reserve chair Kevin Warsh-led FOMC hikes interest rate to 3.75-4% range; first time since 2023

Sep 17, 2026 - 00:30
US Federal Reserve chair Kevin Warsh-led FOMC hikes interest rate to 3.75-4% range; first time since 2023

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The US Federal Reserve's hike decision comes on the back of persistent inflation and a broader increase in global borrowing costs. Inflation has remained stubbornly elevated, while borrowing costs around the world have moved higher.

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