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US Federal Reserve raises interest rates for the first time since 2023
By Extra Extra Editorial
Cross-spectrum analysis, synthesized with AI from 70 sources · Updated
The Federal Reserve raised its benchmark interest rate for the first time since 2023, marking a shift in monetary policy aimed at controlling persistent inflation. The decision was unanimous among Fed officials. The rate increase comes amid ongoing economic pressures and represents a reversal from the rate-cutting cycle that began in late 2023.
Left-leaning outlets emphasize the Fed's independence and its focus on inflation control, often framing the decision as necessary economic medicine despite political pressure. Several sources highlight tension between the Fed's action and the incoming administration's economic agenda, positioning the rate hike as a principled stand against external political influence.
Center and international outlets present the rate increase as a straightforward policy response to inflation concerns, with neutral reporting on both the economic rationale and the political context. These sources tend to lead with the factual announcement and its technical details rather than emphasizing conflict or ideology.
Right-leaning sources foreground the conflict between the Fed's decision and the incoming administration's stated opposition to rate hikes, often framing the move as economically counterproductive or politically defiant. The coverage emphasizes criticism of the Fed's timing and questions about whether the rate increase will harm economic growth.
Key Differences
- Left outlets stress Fed independence and inflation-fighting necessity; right outlets emphasize conflict with incoming administration preferences and economic risk
- Center coverage treats the announcement as routine policy; left and right both foreground the political dimension and tension surrounding the decision
- Right-leaning sources more frequently question whether the rate hike is economically justified; left sources more often defend it as appropriate monetary policy
How this story is being covered
Extra Extra has grouped 70 reports on this story from 59 news outlets across the political spectrum. By political lean, that breaks down as 27 left-leaning, 24 center, and 19 right-leaning sources.
With a coverage-diversity score of 99 out of 100, this is one of the more evenly reported stories in our index right now — left, center, and right outlets are all giving it attention.
On reliability, 46 of the 59 rated outlets carry a high or mostly-factual reliability rating (A or B) and 13 outlets fall into our mixed or lower-reliability tier (C or D). Ratings are drawn from independent assessments and are meant to help you weigh each report, not to tell you which to trust.
Coverage of this story has developed over roughly 31 hours, so the perspectives below capture how the framing shifted as the story matured.
Below, the same story is laid out side by side as left, center, and right outlets reported it. Read across the columns and watch what changes: the headline emphasis, which facts lead, the adjectives, and what each side leaves out. The story itself rarely changes — the framing almost always does.
Outlets covering this story: The Guardian, CBS News, Raw Story, Foreign Policy, Nebraska Examiner, Kansas Reflector, Missouri Independent, Minnesota Reformer, Iowa Capital Dispatch, Michigan Advance, Oregon Capital Chronicle, Wisconsin Examiner, Louisiana Illuminator, Washington Post, Talking Points Memo, NBC News, El País (English), Le Monde (English), Business Insider, The Oregonian, AL.com, The Boston Globe, New York Times, UPI, South China Morning Post, The Hill, Al Jazeera, BBC News, RTÉ News, Deutsche Welle, Christian Science Monitor, PBS NewsHour, CNBC, The Japan Times, Euronews, Financial Times, Straight Arrow News, France 24, Sky News, MarketWatch, Forbes, Bloomberg, Fox Business, Townhall, Breitbart, Daily Caller, The New York Sun, One America News, Just the News, Not the Bee, The Blaze, RedState, RealClearPolitics, The National Pulse, The Jerusalem Post, Las Vegas Review-Journal, National Review, WND, ZeroHedge.
Left(27)
The GuardianASep 16, 9:01 PM
US Federal Reserve raises interest rates for the first time since 2023
Trump urges lower rates after central bank agrees increase by quarter-percentage point to range of 3.75% to 4% Federal Reserve raises interest rates – live The US Federal Reserve voted to raise inte
CBS NewsBSep 16, 8:54 PM
Federal Reserve raises interest rates for the first time since 2023
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
Raw StoryCSep 16, 8:09 PM
Trump facing economic 'runaway train' as Federal Reserve hikes rates: analyst
President Donald Trump continues to face mounting inflation woes, explained Ed Elson of Prof G Markets on MS NOW Wednesday. The Federal Reserve acted hours before to raise interest rates by 25 basis p
Foreign PolicyBSep 16, 8:41 PM
The Fed Bucks Trump and Raises Interest Rates
War-fueled inflation remains too high, the U.S. central bank said, requiring the first hike in three years.
Nebraska ExaminerBSep 16, 9:54 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
Kansas ReflectorBSep 16, 9:17 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
Missouri IndependentBSep 16, 8:25 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
Minnesota ReformerBSep 16, 8:04 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
Iowa Capital DispatchBSep 16, 7:30 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
Michigan AdvanceBSep 16, 7:29 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
Oregon Capital ChronicleBSep 16, 7:18 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
Wisconsin ExaminerBSep 16, 7:15 PM
Fed raises interest rates for first time in 3 years, battling persistent inflation
WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while th
CBS NewsBSep 16, 10:03 PM
Examining the Fed's reasons for raising interest rates after 3 years
The Federal Reserve on Wednesday raised interest rates by one-quarter of a percentage point in its first rate increase since 2023. CBS News' Kelly O'Grady and Nancy Cordes report.
Louisiana IlluminatorBSep 16, 7:50 PM
Fed raises key interest rate for first time in 3 years, battling persistent inflation
Federal Reserve Chair Kevin Warsh, four months into his tenure, described Wednesday’s unanimous decision to raise rates as “sober.”
Washington PostASep 16, 8:14 PM
Fed raises interest rates by quarter point to tackle inflation
The Federal Reserve raised interest rates by a quarter percentage point on Wednesday to try to tame inflation, raising the borrowing cost on a variety of business and consumer loans.
CBS NewsBSep 16, 10:12 PM
Why the Fed hiked interest rates this month
The Federal Reserve changed course and raised interest rates Wednesday for the first time since 2023. The rate hike will be an increase of 0.25 percentage points, bringing its target range to between
Talking Points MemoBSep 16, 6:08 PM
Trump’s Threats to Stop Trade Couldn’t Keep the Fed from Hiking Interest Rates
The Federal Reserve opted to raise interest rates by one-quarter of a percent, or 25 basis points, in a unanimous...
NBC NewsBSep 16, 6:00 PM
Fed raises interest rates for first time since 2023, defying Trump as inflation mounts
The Federal Reserve on Wednesday raised its benchmark interest rates for the first time since 2023, in a move aimed at slowing inflation.
El País (English)BSep 16, 6:23 PM
The Federal Reserve defies Trump with a unanimous rate hike six weeks before the midterms
In his first major decision as Fed chair, Kevin Warsh raises interest rates by a quarter point and signals another increase before year-end
Raw StoryCSep 16, 8:55 PM
'Cannot go on!' Trump melts down after Federal Reserve defies his wishes
President Donald Trump took to his Truth Social platform on Wednesday after the Federal Reserve agreed to a significant increase in interest rates — demanding that they do the opposite and make a mass
Le Monde (English)ASep 16, 8:12 PM
The White House calls the Fed's first interest rate raise since 2023 'unfortunate'
The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has de
Business InsiderBSep 16, 10:30 PM
What smart people in business and economics are saying about the Fed interest rate hike
The Fed raised rates by a quarter point, its first hike in three years, and declined to comment on what's coming next. FOMC The Fed raised rates by a quarter point, its first hike in three years. Fed
The OregonianBSep 16, 9:22 PM
Furious Trump melts down over Fed interest rate hike, issues 12-word all-caps demand
The president expressed his anger in a Truth Social post Wednesday afternoon.
AL.comBSep 16, 9:22 PM
Furious Trump melts down over Fed interest rate hike, issues 12-word all-caps demand
The president expressed his anger in a Truth Social post Wednesday afternoon.
Business InsiderBSep 16, 9:09 PM
Trump calls for slashing interest rates to '1% or less' after the Fed's first hike in 3 years
President Donald Trump said he wants lower interest rates. Aaron Schwartz / AFP via Getty Images The Fed hiked interest rates by a quarter point on September 16. President Donald Trump wants to cut,
The Boston GlobeASep 16, 10:26 PM
Trump renews attacks on Fed after rate increase
In a bid to force down rates, the president has consistently ratcheted up his attacks -- and now seems willing to leverage international trade to secure his desired outcome on monetary policy.
New York TimesASep 16, 7:12 PM
Fed Signals Another Rate Increase Could Be Coming
Here’s how to read the Federal Reserve’s economic projections like a pro.
Center(24)
UPIBSep 16, 8:24 PM
Federal Reserve raises interest rates for the first time since 2023
The Federal Open Market Committee on Wednesday voted unanimously to raise interest rates by a quarter percentage point, the first increase since 2023.
South China Morning PostBSep 16, 6:15 PM
US Federal Reserve raises interest rates for first time in 3 years, irking Trump
The Federal Reserve on Wednesday raised interest rates for the first time since 2023, defying US President Donald Trump’s demand for cuts, as central bank chief Kevin Warsh stressed the need to combat
The HillBSep 16, 10:08 PM
Federal Reserve delivers unwelcome news to Trump
President Trump received unpleasant news on Wednesday after Federal Reserve Chair Kevin Warsh moved to raise interest rates despite the president’s calls for rates to come down. The Federal Reserve a
Al JazeeraBSep 16, 6:03 PM
US Fed raises interest rates for first time in three years
The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.
BBC NewsASep 16, 10:16 PM
US interest rates raised for first time in three years
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
RTÉ NewsASep 16, 6:36 PM
US raises interest rates for first time in three years
The Federal Reserve raised interest rates today for the first time since July 2023 and flagged further increases in borrowing costs in coming months.
Deutsche WelleASep 16, 6:24 PM
US Fed raises key rate for first time in 3 years
In an attempt to address the persistently high inflation in the world's largest economy, the US Federal Reserve increased interest rates by 25 basis points. The president, on the other hand, said they
Christian Science MonitorASep 16, 7:25 PM
In an effort to tamp down inflation, the Fed raises interest rates
As the Iran war pushes up the price of fuel and food, experts say Federal Reserve Chair Kevin Warsh had little choice but to raise interest rates for the first time in three years.
PBS NewsHourASep 16, 9:32 PM
U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way
U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation's high inflation un
CNBCBSep 16, 8:10 PM
10-year Treasury yield climbs back to 5% after Fed hikes rates, Warsh highlights inflation risks
The 10-year yield moved above the 5% mark after a Federal Reserve rate increase and comments from Chairman Kevin Warsh highlighting persistent inflation risks.
The Japan TimesBSep 16, 10:06 PM
Fed raises rates in search of ‘timelier’ drop in inflation, sees more tightening ahead
The rate increase was the first such move in three years and the first policy shift under the new Fed chief.
EuronewsBSep 16, 6:25 PM
Fed raises rates for the first time since 2023 in unanimous vote defying Trump
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh direct
Financial TimesASep 16, 8:59 PM
Fed defies Trump with first rate rise since 2023
Central bank signals willingness for further action as chair Kevin Warsh warns that ‘inflation is too high and has been for too long’
Straight Arrow NewsBSep 16, 6:09 PM
Fed approves first interest rate hike since 2023 in bid to rein in inflation
The Federal Reserve raised interest rates by a quarter point, potentially driving up credit card, car loan, mortgage and savings rates.
France 24ASep 16, 9:38 PM
US Federal Reserve defies Trump with interest rate hike
The US Federal Reserve has raised its key interest rates for the first time in three years, as it seeks to bring down high inflation. The policy decision sets up a potential confrontation between Chai
The HillBSep 16, 9:08 PM
Trump offers fiery response to Federal Reserve rate hike
President Trump offered a fiery response to the Federal Reserve’s decision to hike interest rates on Wednesday, demanding instead that rates be drastically lowered quickly. “Interest Rates in the Uni
CNBCBSep 16, 10:25 PM
Trump demands 1% or lower interest rate after first Fed hike since 2023
President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
Sky NewsASep 16, 9:37 PM
Trump demands interest rates be lowered 'fast' after Fed announces hike
The US Federal Reserve has hiked interest rates for the first time in three years, prompting Donald Trump to furiously demand they be lowered.
MarketWatchBSep 16, 10:25 PM
As Fed rolls out its first interest-rate hike in 3 years, market braces for more increases
The Fed’s policy-making committee was unanimous in its decision to hike, but forward guidance was split.
ForbesBSep 16, 9:48 PM
Trump Rants About Interest Rates After Fed’s First Hike In 3 Years
The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%.
Financial TimesASep 16, 9:03 PM
Trump calls for rates to be 1% or less after Fed tightens monetary policy
President urges policymakers to act for the sake of the country as rate-setters lift borrowing costs for first time since 2023
MarketWatchBSep 16, 8:38 PM
Here’s a sneaky way to play the Fed’s rate increase
But watch out for the pitfalls.
BloombergASep 16, 7:38 PM
Why Kevin Warsh Again Skipped the Fed’s Dot Plot - Bloomberg.com
Why Kevin Warsh Again Skipped the Fed’s Dot Plot Bloomberg.com
CNBCBSep 16, 9:50 PM
Analysis: How Trump could reignite the Fed independence fight after Warsh's rate hike
The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
Right(19)
Fox BusinessCSep 16, 6:00 PM
Federal Reserve hikes interest rates for first time since 2023 amid stubborn inflation
The Federal Reserve raised its key interest rate for the first time in three years amid persistent inflation caused in part by high energy prices.
TownhallDSep 16, 8:47 PM
Trump Blasts Federal Reserve for Hiking Interest Rates
BreitbartDSep 16, 6:02 PM
Unanimous Federal Reserve Hikes Interest Rates for First Time in 3 Years
"Our decision comes at a time when the economy appears to be strengthening," Fed chairman Kevin Warsh said at a press conference on Wednesday. The post Unanimous Federal Reserve Hikes Interest Rates
Daily CallerDSep 16, 6:00 PM
Fed Raises Rates For First Time In Over 3 Years
The Federal Reserve raised interest rates Wednesday for the first time in more than three years
The New York SunASep 16, 7:37 PM
Fed Raises Interest Rates Despite Trump’s Calls For Cuts - The New York Sun
Fed Raises Interest Rates Despite Trump’s Calls For Cuts The New York Sun
One America NewsDSep 16, 9:23 PM
Fed. Reserve raises interest rates for first time in 3 years amid inflation, despite Trump’s call for lower rates
The Federal Reserve is raising interest rates for the first time in three years, a move aimed at countering high inflation.
Just the NewsCSep 16, 12:00 AM
Fed raises interest rates, despite pressure from Trump to lower them
The Fed had held rates steady in the first few meetings with Warsh as chair, despite President Donald Trump repeatedly urging the Board of Governors to lower them.
Not the BeeDSep 16, 8:14 PM
Fed raises interest rates by 25 basis points
Hoo boy, the president is NOT going to be happy about this one!
The BlazeCSep 16, 6:21 PM
New Fed chair bucks Trump, hikes interest rate as inflation fears persist
The Federal Reserve has raised the interest rate as fears of inflation persist despite economic optimism from President Donald Trump. On Wednesday, the Fed voted unanimously to increase interest rates
RedStateDSep 16, 7:00 PM
The Fed's Latest Action on Interest Rates Will Likely Not Please Donald Trump
RealClearPoliticsBSep 16, 6:21 PM
Why the Fed Should Not Be Hiking Interest Rates
The data have been consistent with not hiking rates. Core CPI came in at the lowest level since March 2021, and core PCE is about to be revised and brought closer in line with the less error-prone CPI
The National PulseDSep 16, 6:29 PM
BREAKING: Fed Defies Trump, Hikes Interest Rates for First Time in Three Years.
The Federal Reserve has increased interest rates to combat persistent inflation, amid geopolitical issues and rising energy prices caused by the Iran and Ukraine wars.
The Jerusalem PostBSep 16, 9:37 PM
US Federal Reserve hikes rates, sees more tightening in search of 'timelier' drop in inflation
The rate increase was announced less than two months before midterm elections that will determine whether Trump's Republicans retain control of Congress for the final two years of his presidency.
Las Vegas Review-JournalBSep 16, 6:52 PM
Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
In a set of quarterly projections, the Fed also signaled that its rate-setting committee expects to hike rates a second time later this year to 4.1%.
National ReviewBSep 15, 3:27 PM
The Case for Federal Reserve Discretion
The central bank must respond to major events as they unexpectedly occur.
The National PulseDSep 16, 10:25 PM
Trump Demands Major Interest Rate Cut Following Fed Hike.
President Donald J. Trump called for significant interest rate cuts following the Federal Reserve's decision to raise rates for the first time in three years.
WNDDSep 16, 9:00 PM
‘The Best Credit in the World’: Trump responds to the Fed’s interest-rate hike
New Chairman Kevin Warsh presides over first increase in 3 years
ZeroHedgeDSep 16, 7:30 PM
Fed Hikes Rates For First Time Since July 2023, Signals 1 More Hike In 2026
Fed Hikes Rates For First Time Since July 2023, Signals 1 More Hike In 2026 Tl;dr: As the market expected, The Fed hiked rates by 25bps (for the first time since July 2023) despite a tre
Just the NewsCSep 16, 12:00 AM
Livid Trump rages over Fed rate hike, but spares Kevin Warsh
The Fed's move raised the rate from 3.75% to 4.00% and came after a protracted period of holding rates steady. Trump has long pushed for the regulator to lower rates.
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