Fed Hikes Rates Amid Inflation Concerns | Business and Finance News

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Recorded17 Sep 2026

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The Fed just hiked rates by 25 basis points — the first move since July last year and under new Chair Kevin Warsh — pushing the target range to 3.75% to 4%. While the goal is to crush inflation and get it back to the 2% target, projections show that won’t happen until 2029. With 16 committee members expecting another hike by 2026, inflation forecasts have even risen while unemployment predictions dropped — signaling growing concerns about inflationary pressure. The delay in acting earlier this summer didn’t bring relief, and economists warn rate hikes alone won’t fix supply chain snarls or soaring energy costs. Warsh acknowledged global uncertainty but praised America’s resilient economy — strong hiring, solid earnings, healthy business credit — and noted financial conditions aren’t restrictive. So while the Fed moves decisively, the road ahead remains fraught with economic and geopolitical variables. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://gfmag.com/economics-policy-regulation/fomc-hawkish-inflation-rate/ More coverage & latest updates:https://sources.thednn.ai/acab631174780a76 Report issues to [email protected].

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