Fed raises interest rates for first time since 2023, defying Trump as inflation mounts — Live Feedhttps://www.live-feeds.com/feed/fed-raises-interest-rates-for-first-time-since-2023-defying-trump-as-inflation-mountsContinuously updated, source-cited coverage. Federal Reserve raises interest rates for first time since 2023https://www.live-feeds.com/feed/fed-raises-interest-rates-for-first-time-since-2023-defying-trump-as-inflation-mountshttps://www.live-feeds.com/feed/fed-raises-interest-rates-for-first-time-since-2023-defying-trump-as-inflation-mounts#u73410Thu, 17 Sep 2026 21:25:57 +0000The Federal Reserve increased interest rates on Wednesday to combat stubborn inflation, marking the first hike since 2023. The decision defies demands from Donald Trump, who argues that U.S. credit is strong enough to support rates of 1% or less. Fed Chairman Kevin Warsh led the move, which is expected to increase borrowing costs for businesses and consumers. The Federal Reserve has signaled that additional rate increases may be necessary as inflation continues to mount.Why it mattersInterest rate hikes typically increase the cost of mortgages, car loans, and credit cards while affecting retir