Federal Reserve expected to announce interest rate increase – live
Kevin Warsh, Donald Trump’s pick for Fed chair, expected to raise rates despite intense pressure from president Business editor The Fed has two mandates: price stability and supporting the job market. The jobs market has remained robust but spikes in energy prices have put the central bank under pressure to raise rates in order to bring down inflation.
Americans have spent over $100bn extra on gasoline and diesel during Trump ’s war on Iran than they would have had there been no war, according to estimates by the Climate Solutions Lab at Brown University.
Background: what a Federal Reserve rate decision changes
The federal funds rate concerns overnight lending between depository institutions. It is not the interest rate on every household or business loan. Changes can influence other interest rates, credit conditions and exchange rates, and ultimately employment and prices. That chain of effects is why a central-bank announcement matters beyond financial markets.
The Federal Open Market Committee assesses economic and financial conditions when deciding its policy stance. Its meeting statement and minutes serve different purposes: the statement communicates the decision, while the minutes provide a fuller account of the discussion. Reading the dated official documents helps distinguish an announced decision from a prediction about what the committee might do next.
This background explains the policy mechanism, not the outcome of the meeting described above. For that outcome, check the original report against the corresponding official statement. A forecast of a cut is not confirmation that a cut has happened, and a policy change does not establish what any individual lender will charge.
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Sources and context
The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-17. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.