5AM ET 09/17/2026 Newscast
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Why did the Federal Reserve raise interest rates for the first time in three years?
Raising the interest rates. I'm Ted Lindner, Fox News, the Federal Reserve hiking interest rates for the first time in three years on Wednesday. Fox is Hillary Barski with more.
The central bank raising its benchmark interest rate for the first time since July of 2023 to combat stubbornly high inflation. The quarter point increase lifts the Fed's benchmark rate to a range of three and three quarters to four percent. Fed Chair Kevin Warsh.
Job gains have kept pace with the workforce. And the unemployment rate has changed little. But inflation remains elevated.
How will the Fed’s quarter‑point hike affect mortgages, auto loans and credit cards?
The rate increase could result in higher borrowing costs for mortgages, auto loans, and credit cards. The Fed also signaled that it expects to hike rates a second time later this year. Hilda Rybsky, Fox News.
President Trump had some choice words for the Federal Reserve Board. President Trump staged in a campaign rally in Gastoni, North Carolina on Wednesday night supporting Republican gubernatorial candidate Michael Watley against incumbent Democrat Roy Cooper. He had some advice for voters in November in the midterms, less than two months away now.
When I'm on the ticket, I'm not bragging, but when I'm on the ticket, Republicans have always done really well. They go out, they vote, everybody gets elected. Everybody gets elected.
What message did President Trump deliver at his North Carolina rally ahead of the midterms?
President says Cooper is soft on crime, citing the fatal stabbing of a Ukrainian woman on a Charlotte train by a repeat offender. The House has passed a Russia sanctions bill, the vote 262 to 159, that now goes to President Trump's desk. The measure introduced over a year ago by the late Senator Lindsey Graham. Senators voting overwhelmingly in favor of the bill last month. And White House Chief of Staff, Susie Wiles, says she's now can't. Cancer free, her latest pathology results coming back clear after a check up at the Mayo Clinic this week. Six months ago, she revealed she had been diagnosed with early stage breast cancer. President Trump said she'll be in great shape. America's listening to Fox News.
Why is President Trump criticizing North Carolina Governor Roy Cooper on crime and supporting new Russia sanctions?
Authorities accusing Siddharth Jawahar, an illegal immigrant of running a Ponzi scheme that ensnared Kansas City Chiefs tight end Travis Kelsey, Fox's Max Gordon.
According to TMZ, Kelsey was named as several people scammed by Jawahar. 38-year-old Jawahar is an immigrant in the country illegally and was recently sentenced to 11 years in prison after pleading guilty to three counts of wire fraud. Prosecutors say he swindled his victims out of more than $35 million, running a Texas-based investment company. In 2015, he began investing client funds in a single investment. Phillip Morris Packett's a very good thing. Pakistan. When the value of the investment dropped, Jawahar didn't tell his clients and falsely told investors that they were actually making profits. Now it's unclear how much money Kelsey lost in Jawahar's Ponzi scheme.
What details emerged about Siddharth Jawahar’s $35 million Ponzi scheme that involved NFL player Travis Kelsey?
We've reached out to Kelsey's representation for comment, but we haven't heard back.
Following the indictment, Jawahar attempted to coach a victim into giving him a favorable statement of the FBI who was investigating the case. The family of Charlie Kirks filed a lawsuit against Utah Valley University and campus police. The film the filing blames the college for failing to protect the conservative activist who was fatally shot in the neck a little over a year ago. Fox's Claudia Cowan
According to the notice of claim, there was no written security plan or pre-event security briefing, and it adds campus police failed to monitor surveillance cameras in real time, which could have flagged the gunman's suspicious movements, and assigned just six officers to an event with about 3,000 people. In a statement, UVU says it is aware of the notice of claim, adding, our focus remains on supporting our campus community. The school did not respond to the family's allegations, but says it will release an external review of how security was handled in the weeks ahead. In Oram, Utah, Claudia Cowan, Fox News.
Kirk's accused shooter remains behind bars awaiting trial. I'm Ted Linder, and this is Fox News.
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Chapters
5 chapters
1
Why did the Federal Reserve raise interest rates for the first time in three years?
0:03–0:36
2
How will the Fed’s quarter‑point hike affect mortgages, auto loans and credit cards?
0:36–1:19
3
What message did President Trump deliver at his North Carolina rally ahead of the midterms?
1:19–2:02
4
Why is President Trump criticizing North Carolina Governor Roy Cooper on crime and supporting new Russia sanctions?
2:02–2:49
5
What details emerged about Siddharth Jawahar’s $35 million Ponzi scheme that involved NFL player Travis Kelsey?
2:49–3:57