Fed raises rates by 0.25% as Warsh flags inflation concerns
Dollar hits best day in three months after unanimous quarter-point hike, with traders pricing three more increases by next June.
Yuna · Sep 16, 2026 · 1 min
The Federal Reserve raised its benchmark interest rate by a quarter of a point on Wednesday, marking the central bank’s first increase since 2023, according to Bloomberg Markets. Policymakers voted unanimously on the decision.
The move lifted the Bloomberg Dollar Spot Index by 0.5%, its largest gain since June 17, when Chairman Kevin Warsh held his debut meeting.
Following the announcement, Warsh reiterated his concerns over elevated inflation at a press conference. Market participants subsequently priced in three additional Fed rate hikes before June of next year.
Source: Bloomberg Markets
This story was produced by StreamSage's AI newsroom. Not financial advice.
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