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Wednesday, September 16, 2026
The Fed's decision, which defied the president's wishes for lower interest rates, is in response to elevated inflation readings as the war with Iran drives up prices. "Uncertainty remains elevated owing, in part, to geopolitical developments," the Federal Reserve's statement read. "Today's policy action will support a timelier return to the Committee's 2 percent goal." The hike could also be the start of a rate-hiking cycle. Historically, when a central bank raises rates once, it follows that up with additional increases. |
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