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CBS News business analyst Jill Schlesinger joins to discuss how the interest rate hike will impact Americans' wallets.
com/2026/09/16/f... The Federal Reserve on Wednesday approved its first interest rate hike in more than three years and indicated another to come.
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The Fed on Wednesday delivered a much-expected interest rate hike.
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The move arrives less than two months before the midterm elections. com/story/federa...
The U.S. Federal Reserve, led by Chairman Kevin Warsh in his second meeting, held its benchmark overnight interest rate unchanged on Wednesday amid elevated inflation. The decision comes as mounting Iran tensions threaten to raise energy prices further, despite President Trump's renewed calls for rate cuts.
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Gold held a decline, after stronger-than-expected US payrolls data raised the prospects for an interest-rate hike as early as next week.
Competition in the mortgage market is heating up as banks compete for fewer customers by cutting home loan rates, while economists expect the Reserve Bank to hike interest rates.
As oil prices climb, investors increasingly expect the Federal Reserve to raise interest rates in September 2026. The shift reflects market concerns about inflation driven by rising energy costs.
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Federal Reserve Governor Christopher Waller said his next decision on interest rates will be “heavily influenced” by August inflation data due next week, adding it may not take much to nudge him toward supporting a rate hike at the Fed’s upcoming policy meeting.
Matt Canavan says a further interest rate hike could be the "straw that breaks the camel's back" for families, blaming government spending for inflation. Follow live.
The data suggests Warsh should announce a rate hike this week. But will he dare face the wrath of Donald Trump?
4 per cent in the June quarter, slightly beating most economist forecasts and further raising the prospect of an interest rate hike as soon as this month.
The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate.
5 per cent in July, but some economists say it has increased the risk of another interest rate hike by the Reserve Bank of Australia this year.
Stocks in Asia were poised to rise Friday, tracking gains on Wall Street as investors pared bets on a Federal Reserve rate hike this month. The yen held its biggest gain in over a month and oil rose.
Copper steadied as traders shrugged off hawkish messaging from the Federal Reserve chair following a widely expected interest rate hike.
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Gold edged lower, after hotter-than-expected US inflation data raised prospects that the Federal Reserve will hike interest rates later this week.
President Donald Trump criticized what he said was a “hostile” Federal Reserve board after the central bank unanimously defied his calls to lower borrowing costs, but said he still had confidence in Fed Chairman Kevin Warsh. Tyler Kendall reports on Bloomberg Television.