Updated 1w+ ago · Business
Fed Raises Interest Rates for First Time Since 2023
The Federal Reserve is expected to raise its key interest rate Wednesday for the first time since 2023. Traders put the probability of a quarter-point hike at 90%.
- A quarter-point hike would push the benchmark rate to roughly 3.75%–4.00%.
- The 10-year Treasury yield hit 5.041%, a 19-year high, earlier this week.
- Brent crude is up about 19% since the start of September on Middle East supply disruptions.
- Core inflation reached 3.3% in July, up from 3% before the Iran war began.
Why it matters: Higher inflation, driven partly by oil prices above $100 a barrel, has narrowed Warsh's options. Not hiking risks a repeat of July, when markets pushed long-term rates higher after the Fed held steady.
- Mortgage rates track the 10-year Treasury and have already risen alongside it.
- Consumer sentiment is near record lows; more Americans are behind on mortgages and car loans than at any point in the past decade, according to the New York Fed.
How 96 sources split on this story
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96 sources · 222 articles · 48% Center coverage
Where they split: The core dispute is whether Warsh will signal one cautious hike or the start of a sustained tightening cycle — and how much pressure from the White House factors into that choice.
Center coverage, 46 sources: The center focuses on the institutional stakes: Warsh's credibility with markets, the mechanics of the rate decision, and the narrow path between political pressure and economic necessity.
Reuters1w+What higher interest rates mean for your moneyWPXI Pittsburgh1w+Federal Reserve Chair Kevin Warsh announces interest rate hikeCNBC1w+Three words from Kevin Warsh have Wall Street wondering how far the Fed will go with rate hikesIBTimes1w+The Fed Raised Rates For The First Time In Three Years. The Dollar And Global Yields Are Feeling It.The National Desk1w+Fed's inflation fight shifts to how far rates will have to riseMarketWatch1w+Why investors’ best move in reaction to Fed’s rate hike is doing nothing at allThe Hill1w+Warsh wins credibility with Fed rate hike: 5 takeawaysAssociated Press1w+Why the Federal Reserve is lifting rates now, and what it meansBloomberg1w+Dollar Jumps After Fed Raises Rates, Sends Hawkish SignalCTV News1w+Why the U.S. Federal Reserve is lifting rates now, and what it meansFinancial Times1w+Federal Reserve defies Trump with first rate rise since 2023Fortune1w+When it comes to rate hikes, CFOs aren't counting on a 'one-and-done' | FortuneNPR1w+The Fed raises interest rates. And, EU proposes Canada become an 'associate member'Asia Times1w+Warsh's rate hike a crapshoot for an already uneven US economy - Asia TimesFrance 241w+US Federal Reserve hikes interest rates for the first time in three yearsNews4Jax1w+Fed raises interest rates for first time since 2023. What it means for your walletNewsweek1w+How Fed rate hike could hit millions selling their homesPBS NewsHour1w+What the Fed rate hike likely means for youSemafor1w+Warsh breaks with Trump to raise ratesUSA Today1w+What a Fed rate hike means for credit card debt, car loans and saversWESH 2 News1w+Federal Reserve raises interest rate | What it could mean for you:WKBN Youngstown1w+What the Fed's interest rate hike means for youYahoo News1w+Fed raises interest rates by a quarter point in unanimous decision, marking first hike in 3 yearsAxios1w+Fed raises rates a quarter point in first move of Warsh eraBBC News1w+US interest rates raised for first time in three yearsChicago Tribune1w+First Fed rate hike in 3 years may push borrowing costs on credit cards, mortgages — but benefit saversChristian Science Monitor1w+In an effort to tamp down inflation, the Fed raises interest ratesCNET1w+Interest Rates Just Went Up. Here's Why Consumer Tech Might Cost Even More - CNETDeutsche Welle1w+US Fed raises key rate for first time in 3 yearsForbes1w+Fed Raises Interest Rates For First Time In Three Years As Inflation Stays High—Clashing With TrumpForeign Policy1w+The Fed Bucks Trump and Raises Interest RatesJapan Times1w+Fed raises rates in search of ‘timelier’ drop in inflation, sees more tightening aheadJerusalem Post1w+US Federal Reserve hikes rates, sees more tightening in search of 'timelier' drop in inflationKSAT 12 San Antonio1w+Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoiceKXAN Austin1w+Fed hikes interest rates by quarter pointNational Journal1w+Fed raises rates for first time in 3 years. What does that mean for consumers?NOTUS1w+Federal Reserve Raises Interest Rates for First Time in Three Years - The Washington SunPennLive1w+Federal Reserve raises interest rates for first time since 2023Scripps News1w+Fed raises rates despite pressure from Trump to cut borrowing costsThe Conversation1w+US consumers and businesses are now facing a future of more expensive borrowingThe Week1w+Fed hikes key interest rate, drawing Trump ireWFLA News Channel 81w+LIVE: Federal Reserve hikes key rate for 1st time in 3 years, defying Trump's demands for a cutWGAL 81w+The Fed meeting is a pivotal moment for the bond marketWPLG Local 101w+Federal Reserve interest rate raise could impact South Florida housing marketWSAV Savannah1w+The Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 yearsWSB-TV Atlanta1w+Federal Reserve Chair Kevin Warsh announces interest rate hike
Left coverage, 25 sources: The left frames the story around economic risk to ordinary Americans — rising debt burdens, weakening consumer spending, and the danger that the Fed could overtighten and trigger a recession.
CNN1w+The Fed was bullied into hiking rates. Now it hopes it didn’t royally screw upThe Independent1w+Why the Federal Reserve is lifting rates now, and what it meansPolitical Wire1w+Trump Claims He Told Warsh to Vote with Fed BoardThe Boston Globe1w+The Fed just made Boston’s housing crunch harder to fixMediaite1w+Fed Chair Refuses to Discuss Conversations With Trump, Touts ‘Independence’ After Rate HikeAl Jazeera1w+What to know about US Federal Reserve’s first interest rate hike in 3 yearsBusiness Insider1w+The Fed hiked rates. Here's what economic experts say could come next.CBS News1w+What the Fed's interest rate hike reveals about Warsh, Trump and inflationHuffPost1w+Fed Hikes Rates, Sees More Tightening In Search Of Drop In InflationLos Angeles Times1w+Why the Federal Reserve is lifting rates now, and what it meansMSNBC1w+Federal Reserve raises interest rates to curb inflation, despite pressure from TrumpNBC News1w+Fed raises interest rates for first time since 2023, defying Trump as inflation mountsPolitico1w+Fed hikes rates and signals more to come this year, defying TrumpRaw Story1w+Trump facing economic 'runaway train' as Federal Reserve hikes rates: analystThe New York Times1w+Fed Meeting Will Test Central Bank’s Credibility With Bond InvestorsABC News1w+Federal Reserve expected to raise interest rates for the first time since 2023Cleveland.com1w+Federal Reserve raises interest rates for first time since 2023Florida Phoenix1w+Fed raises interest rates for first time in 3 years, battling persistent inflationOhio Capital Journal1w+Fed raises interest rates for first time in 3 years, battling persistent inflationSlate1w+Who’s to Blame for Higher Prices? Trump’s Own Fed Chair Just Pointed a Subtle Finger.Talking Points Memo1w+Trump’s Threats to Stop Trade Couldn’t Keep the Fed from Hiking Interest RatesThe Guardian1w+US Federal Reserve votes to hike rates for the first time since 2023The Root1w+What the Fed's Rate Hike Means for YouThe Washington Post1w+Fed raises interest rates by quarter point to tackle inflationVox1w+Trump’s failed Fed takeover
Right coverage, 25 sources: The right emphasizes the political tension between the Fed and the White House, noting Trump's demands for lower rates and adviser Kevin Hassett's warning against hiking close to midterm elections.
NTD1w+Federal Reserve Expected to Raise Interest Rates for the First Time in 3 YearsZeroHedge1w+WARSH & PEACECitizen Free Press1w+Watch Live | Fed chairman Kevin Warsh holds press conference, happening right now.The Epoch Times1w+Fed Hikes Interest Rates for First Time in 3 YearsWashington Examiner1w+The Fed is sacrificing the American dream to fix a problem it can’t solveJust the News1w+Livid Trump rages over Fed rate hike, but spares Kevin WarshNew York Post1w+Your phone bill may have helped trigger an interest rate hike -- here's howBreitbart News1w+Unanimous Federal Reserve Hikes Interest Rates for First Time in 3 YearsFox News1w+LEE CARTER: The Fed finally raised rates. The real danger now for the GOP is what happens nextNewsmax1w+Fed Votes 12-0 to Raise Rate Quarter of a PercentThe Daily Caller1w+Here’s What Fed Rate Hike Means For Your WalletTownhall1w+Trump Still Has Confidence in Kevin Warsh — and Reveals Why He Told Him to Back the Fed Rate HikeBizPac Review1w+Fed raises rates for first time in over 3 yearsDaily Mail1w+Stocks SURGE higher after Fed raises interest rates for the first time in three yearsOne America News1w+Federal Reserve raises interest rates for first time in 3 years amid inflation, despite Trump's call for lower ratesReason1w+The Federal Reserve hikes interest rates due to persistent inflationRedState1w+The Fed's Latest Action on Interest Rates Will Likely Not Please Donald TrumpThe American Conservative1w+Federal Reserve Raises Interest Rates 25 Basis PointsThe Blaze1w+New Fed chair bucks Trump, hikes interest rate as inflation fears persistThe Center Square1w+Fed hikes rates as federal net interest tops $1 trillionThe Daily Wire1w+President Trump Wanted A Rate Cut—The Fed Gave Him A Rate HikeThe Gateway Pundit1w+BREAKING: Federal Reserve Raises Interest Rates by 25 Basis Points Ahead of Midterm Elections (LIVE PRESSER) * The Gateway Pundit * by Cristina LailaThe National Pulse1w+BREAKING: Fed Defies Trump, Hikes Interest Rates for First Time in Three Years.The Washington Times1w+Fed raises rates by quarter-point to tame inflation, risking Trump's ire before November electionWall Street Journal1w+Weeks Before the Midterms, Almost Everything Is Getting More Expensive
What’s next: The Fed releases quarterly economic projections Wednesday alongside the rate decision. Those projections will include a benchmark rate forecast through next year.
- Wall Street futures currently price in three total hikes: September, December, and March.
- How many hikes will Warsh pursue if inflation remains elevated but the economy weakens?
- Would Trump take action against Warsh if the Fed continues raising rates against his wishes?
- Could a slowdown in AI-driven investment tip the economy toward recession before inflation is tamed?
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