World & BusinessFederal Reserve raises rates for the first time in three years
The Wall Street Journal reports a unanimous vote, with most officials projecting one more increase by the end of 2026.
TLDR
The Wall Street Journal reports that the Fed unanimously approved its first rate increase in three years, with most officials projecting one more by the end of 2026. The Journal says an energy shock and a surge in AI investment have reshaped the inflation outlook.
According to The Kobeissi Letterās summary of Fed Chair Warshās September 16 statement, he described the economy as āstrengtheningā and said the Fedās predominant focus is price stability. He also said the Fed must be confident inflation is moving toward its 2% objective.
Federal Reserve raises rates for the first time in three years
The Wall Street Journal reports a unanimous vote, with most officials projecting one more increase by the end of 2026.