World & BusinessFed reportedly raises rates by 25 basis points amid rising energy prices
A September 19 commentary argues that higher rates can curb demand but cannot end the Iran war or reopen the Strait of Hormuz. BingX describes the move as the Fed’s first hike since 2023.
TLDR
A user writing on September 19, 2026, says the Fed raised its benchmark rate by 25 basis points that week, citing high inflation and rising energy prices. The user argues that higher rates target the oil shock’s possible effects on wages and inflation expectations—not its cause—and could prove unnecessarily restrictive if the conflict ends and oil prices fall sharply.
BingX separately calls the move the Fed’s first hike since 2023. Its weekly market roundup lists the Nasdaq up 0.72%, the S&P 500 down 0.08% and the Dow Jones down 1.69%.
