Fed raises rates by quarter-point to tame inflation, risking Trump's ire before November election

By The Washington Times (Business) | Created at 2026-09-16 18:28:57 | Updated at 2026-09-18 15:40:25 1 day ago

The Federal Reserve decided Wednesday to raise interest rates for the first time in three years, an attempt to control inflation in a move that defies President Trump's wishes and clashes with his upbeat economic message to midterm voters.

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Fed raises rates by quarter-point to tame inflation, risking Trump's ire before November election

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