Fed Hikes Interest Rates for 1st Time in 3 Years
Saudi ArabiaWhat to know
- By Andrew Moran The Federal Reserve followed through on its first interest rate hike in more than three years on Sept. 16. Officials voted 12 to zero to increase the benchmark federal funds rate—a key policy rate that influences borrowing costs for businesses...S1
- Also, Saudi Arabia is scrambling to restore its oil supply. Here’s the latest at the end of Wednesday.S2
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Usnn
Fed Hikes Interest Rates for 1st Time in 3 Years
By Andrew Moran The Federal Reserve followed through on its first interest rate hike in more than three years on Sept. 16. Officials voted 12 to zero to increase the benchmark fede…
1mo
Bloomberg
Businessweek Daily: The Fed Raises Rates (Podcast)
The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chair…
1mo
The New York Times
Fed Raises Interest Rates
Also, Saudi Arabia is scrambling to restore its oil supply. Here’s the latest at the end of Wednesday.
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Published Sep 16, 2026
What to know
- By Andrew Moran The Federal Reserve followed through on its first interest rate hike in more than three years on Sept. 16. Officials voted 12 to zero to increase the benchmark federal funds rate—a key policy rate that influences borrowing costs for businesses...S1
- Also, Saudi Arabia is scrambling to restore its oil supply. Here’s the latest at the end of Wednesday.S2
Timeline · newest first
Sources · 2 citations
Related stories
United States
United States · Business & Economy
Federal Reserve's Interest Rate Decision Looms as Treasury Yields Rise
3 outlets
4d
Iran
Iran · Business & Economy
Gold Steadies as Conflicting Iran Signals Cloud Path for Rates
2 outlets
1w
Business & Economy
Business & Economy
Gold Steady as Rate-Hike Bets Ease, Oil Pushes Yields Higher
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United States
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US inflation hits 3.7%, raising odds of Fed rate hike in October
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