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Federal Reserve Ends Rate Pause with First Hike Since 2023

By Markets Desk · 2026-09-16 · Updated 2026-09-16 22:36 UTC
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Illustration: Tradingbird

The Federal Reserve has ended its rate pause with a 25 basis point increase, bringing the benchmark rate to 3.75%-4% in response to persistent inflation and energy price surges linked to the Iran conflict. Fed Chair Kevin Warsh emphasized the committee's unanimous commitment to price stability despite a resilient labor market.

  • According to GN markets/policy (en-US), the Federal Reserve’s benchmark rate now sits between 3.75% and 4% following a unanimous vote, with Chair Kevin Warsh explicitly linking the hike to inflation spikes driven by the Iran war and record-high energy costs.

    Source: Rural Radio Network

  • The Federal Reserve raised interest rates for the first time since 2023, citing a strengthening U.S. economy.

    Source: CBS News
Based on reporting by CBS News and Rural Radio Network, compiled by the Tradingbird desk.

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