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Fed Hikes Rates to 4% Despite Trump Pressure

By Markets Desk · 2026-09-17 · Updated 2026-09-17 00:46 UTC
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Illustration: Tradingbird

The Federal Reserve hiked rates to 4%, defying President Trump’s calls for cuts by citing persistent inflation and geopolitical risks like US-Iran tensions. While Trump accused the central bank of political bias, market signals including a rise in two-year Treasury yields suggest investors anticipate further increases before the year ends.

  • GN markets/policy (en-US) reports that Fed Chair Kevin Warsh explicitly linked renewed US-Iran tensions and rising gas prices to the decision, while Trump dismissed policymakers as 'a bunch of politicians' seeking to harm him politically. Additionally, the two-year Treasury yield climbed to 4.74%, reflecting market expectations for further hikes despite the Fed’s signal that another increase is possible as early as December.

    Source: bnnbloomberg.ca

  • The Federal Reserve raised its benchmark rate by 0.25 percentage points, defying presidential demands for cuts while citing persistent inflation.

    Source: Washington Examiner
Based on reporting by Washington Examiner and bnnbloomberg.ca, compiled by the Tradingbird desk.

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