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Federal Reserve is expected to raise its benchmark rate, defying Trump

WASHINGTON, September 15, 2026 (AP) The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trumps support for a cut. A quarter-point increase in the Feds rate, currently about 3.6%, isnt guaranteed because Fed Chair Kevin Warsh doesnt provide the signals about next moves that his predecessors did. Still, most analysts and economists expect a hike after a speech two weeks ago at the Feds annual conference in Jackson Hole, Wyoming,

15 Sep 2026 8:50 pm